What isn’t covered by your Homeowners Insurance Policy??

A lot of homeowners today have no idea what exactly is covered under their Homeowners Insurance Policy. Most of the time this is a last minute item that they pay for prior to their loan closing. A major misconception about these policies is that almost every repair that is needed is covered. This could not be any further from the truth. It is extremely important for you to have a full understanding about what EXACTLY is covered under your policy so you will have an idea of if you need to purchase any extra insurance to cover you in case any of these life events happen to you and your home. Repairs can be extremely expensive and can set you and your family back financially if you don’t not have the proper insurance.  Below I would like to highlight some items that you may believe are covered under your existing policy. It would be a great idea to speak to your insurance agent about these items if you have some concern that these life events could happen to you:

 Personal Liability – if a guest or a stranger injures themselves anywhere within your property line you possibly will not have this covered under your blanket policy. This is generally something separate that will need to be added to your existing or new policy to insure that personal liability is covered.


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