Everyone that owns a home needs a home insurance policy, but what does a homeowners insurance policy actually cover? If you’ve ever wondered what your home insurance policy covers, or what it doesn’t cover, then this article is for you. We know insurance can be confusing, and Rancho Cal Insurance Services is here to help you. Let’s take a peek at your home insurance policy and see what’s covered, and what’s not covered. We’ll keep it simple and straight forward.
First, let’s be clear that not all home insurance policies are the same. We will be referencing some very common terms and coverage examples, but check your home insurance policy to verify your coverages.
Commonly covered perils on home insurance policies:
- Fire & smoke damage.
- Weather related damage, caused by wind & hail.
- Water damage from internal sources.
- Theft of your belongings.
- Vandalism
- Damage related to snow or ice on your roof.
- Damage from civil unrest (riots).
- Explosions.
- Damage caused by a vehicle or aircraft.
The list of potential covered perils does not always end with the above list. You do have options with your home insurance policy to add additional covered perils. These optional items will vary a bit between insurance companies. Adding extra coverage will increase the cost of your home insurance policy, but it will add more coverage for you.
Common additional coverage which may be available for an additional cost:
- Identity Theft Protection.
- Home Systems Protection.
- Home Cyber Protection.
- Personal Offense.
- Service Lines.
- Water Back-up.
What about those items that are NOT covered on home insurance policies? Well, we are glad you asked. It’s just as important to know the things that a home insurance policy will not cover. Here’s a quick list of some of the more common perils that a standard home insurance policy will not cover. You’ll notice that Flood and Earthquake damage are not covered. The good news is that you can purchase a separate policy for Flood or a separate policy for Earthquake if you want to.
Common perils NOT covered on home insurance policies:
- Floods
- Earthquakes
- Landslides & mudslides
- Wear & Tear, or anything related to maintenance or owners neglect of the home.
Rancho Cal Insurance Services is here to help you with your home insurance. If you would like more information about a new insurance policy for your home, just give us a call. We are also ready to help you with insurance for your manufactured home, or a renters insurance policy. Are you a landlord and rent out a home to someone else? No problem, we can help with that too. Rancho Cal Insurance serves all of California with home, auto, and business insurance.
