Flooding is not generally covered by a standard home insurance policy. Most people have learned this after the Alberta floods. Many people are not familiar with the other exceptions in their policies that they are not protected against. Following are some of the personal property exclusions, but not necessarily all of them, from standard homeowners insurance:
A structure that is part of a business is not protected by a standard home insurance policy. Keep in mind that all claims for business on your property will likely be denied by your insurance adjustor. Remember this if you're running any kind of business out of your home, if it's a day care, catering company, or a mail-order business for examples.
Standard policies do not cover pets, whether they are injured or are the victim of a theft. However, injuries caused by your pet are covered. In a case where a dog bites someone, your personal liability insurance would protect you if the injured person files a lawsuit. There are some dog breeds that would require additional coverage, so speak to your insurance provider about your dog's breed.
Losses caused because you failed to protect your property and prevent further damage typically are not covered. What does that mean exactly? If you do not call the fire department when there is a fire on your property, your losses will not be covered. In a case where a tree falls on your home and damages the roof and you fail to protect your belongings from the rain damage, you will not be covered.
A power outage that causes losses is not covered, like if your food is ruined because of a lack of refrigeration during this time.
Damage due to rising waters, more commonly called floods are also not covered by standard policies. But you're also not covered for water backup. If your sewer or drain backs up or your basement's sump pump fails, this is not included. If you would like to be covered for these possibilities, you will need to pay for additional coverage, otherwise you will need to pay for the damages on your own.
The property of a boarder in your home, or someone who is leasing space will not be covered by your homeowners insurance policy. If the property of a renter or boarder is damaged by an insured peril like fire, they will not be covered unless they have taken out their own separate insurance policy.
Earthquakes are also not covered by standard insurance policies. Earthquake insurance must be purchased for people who live in areas that are more likely to have earthquakes. Mudslides and sinkholes are also generally not covered by standard home insurance.
Speak with your insurance agent about what exclusions are listed in the policy. Preparations can be more easily made if you know what you are covered for, and what you are not.
A structure that is part of a business is not protected by a standard home insurance policy. Keep in mind that all claims for business on your property will likely be denied by your insurance adjustor. Remember this if you're running any kind of business out of your home, if it's a day care, catering company, or a mail-order business for examples.
Standard policies do not cover pets, whether they are injured or are the victim of a theft. However, injuries caused by your pet are covered. In a case where a dog bites someone, your personal liability insurance would protect you if the injured person files a lawsuit. There are some dog breeds that would require additional coverage, so speak to your insurance provider about your dog's breed.
Losses caused because you failed to protect your property and prevent further damage typically are not covered. What does that mean exactly? If you do not call the fire department when there is a fire on your property, your losses will not be covered. In a case where a tree falls on your home and damages the roof and you fail to protect your belongings from the rain damage, you will not be covered.
A power outage that causes losses is not covered, like if your food is ruined because of a lack of refrigeration during this time.
Damage due to rising waters, more commonly called floods are also not covered by standard policies. But you're also not covered for water backup. If your sewer or drain backs up or your basement's sump pump fails, this is not included. If you would like to be covered for these possibilities, you will need to pay for additional coverage, otherwise you will need to pay for the damages on your own.
The property of a boarder in your home, or someone who is leasing space will not be covered by your homeowners insurance policy. If the property of a renter or boarder is damaged by an insured peril like fire, they will not be covered unless they have taken out their own separate insurance policy.
Earthquakes are also not covered by standard insurance policies. Earthquake insurance must be purchased for people who live in areas that are more likely to have earthquakes. Mudslides and sinkholes are also generally not covered by standard home insurance.
Speak with your insurance agent about what exclusions are listed in the policy. Preparations can be more easily made if you know what you are covered for, and what you are not.
About the Author:
We offer the only Thunder Bay Home Insurance policy that can be truly tailored to your needs. Get a quote and buy a policy online or by phone. Or Visit our Home Insurance video.
Flooding is not generally covered by a standard home insurance policy. Most people have learned this after the Alberta floods. Many people are not familiar with the other exceptions in their policies that they are not protected against. Following are some of the personal property exclusions, but not necessarily all of them, from standard homeowners insurance:
A structure that is part of a business is not protected by a standard home insurance policy. Keep in mind that all claims for business on your property will likely be denied by your insurance adjustor. Remember this if you're running any kind of business out of your home, if it's a day care, catering company, or a mail-order business for examples.
Standard policies do not cover pets, whether they are injured or are the victim of a theft. However, injuries caused by your pet are covered. In a case where a dog bites someone, your personal liability insurance would protect you if the injured person files a lawsuit. There are some dog breeds that would require additional coverage, so speak to your insurance provider about your dog's breed.
Losses caused because you failed to protect your property and prevent further damage typically are not covered. What does that mean exactly? If you do not call the fire department when there is a fire on your property, your losses will not be covered. In a case where a tree falls on your home and damages the roof and you fail to protect your belongings from the rain damage, you will not be covered.
A power outage that causes losses is not covered, like if your food is ruined because of a lack of refrigeration during this time.
Damage due to rising waters, more commonly called floods are also not covered by standard policies. But you're also not covered for water backup. If your sewer or drain backs up or your basement's sump pump fails, this is not included. If you would like to be covered for these possibilities, you will need to pay for additional coverage, otherwise you will need to pay for the damages on your own.
The property of a boarder in your home, or someone who is leasing space will not be covered by your homeowners insurance policy. If the property of a renter or boarder is damaged by an insured peril like fire, they will not be covered unless they have taken out their own separate insurance policy.
Earthquakes are also not covered by standard insurance policies. Earthquake insurance must be purchased for people who live in areas that are more likely to have earthquakes. Mudslides and sinkholes are also generally not covered by standard home insurance.
Speak with your insurance agent about what exclusions are listed in the policy. Preparations can be more easily made if you know what you are covered for, and what you are not.
A structure that is part of a business is not protected by a standard home insurance policy. Keep in mind that all claims for business on your property will likely be denied by your insurance adjustor. Remember this if you're running any kind of business out of your home, if it's a day care, catering company, or a mail-order business for examples.
Standard policies do not cover pets, whether they are injured or are the victim of a theft. However, injuries caused by your pet are covered. In a case where a dog bites someone, your personal liability insurance would protect you if the injured person files a lawsuit. There are some dog breeds that would require additional coverage, so speak to your insurance provider about your dog's breed.
Losses caused because you failed to protect your property and prevent further damage typically are not covered. What does that mean exactly? If you do not call the fire department when there is a fire on your property, your losses will not be covered. In a case where a tree falls on your home and damages the roof and you fail to protect your belongings from the rain damage, you will not be covered.
A power outage that causes losses is not covered, like if your food is ruined because of a lack of refrigeration during this time.
Damage due to rising waters, more commonly called floods are also not covered by standard policies. But you're also not covered for water backup. If your sewer or drain backs up or your basement's sump pump fails, this is not included. If you would like to be covered for these possibilities, you will need to pay for additional coverage, otherwise you will need to pay for the damages on your own.
The property of a boarder in your home, or someone who is leasing space will not be covered by your homeowners insurance policy. If the property of a renter or boarder is damaged by an insured peril like fire, they will not be covered unless they have taken out their own separate insurance policy.
Earthquakes are also not covered by standard insurance policies. Earthquake insurance must be purchased for people who live in areas that are more likely to have earthquakes. Mudslides and sinkholes are also generally not covered by standard home insurance.
Speak with your insurance agent about what exclusions are listed in the policy. Preparations can be more easily made if you know what you are covered for, and what you are not.
About the Author:
We offer the only Thunder Bay Home Insurance policy that can be truly tailored to your needs. Get a quote and buy a policy online or by phone. Or Visit our Home Insurance video.
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