What’s Not Covered Under My Homeowners Insurance?

When you buy a home, obtaining a standard homeowners insurance policy is almost a given. It is important to get at least this level of coverage, referred to as an HO-3 policy, because it will offer protection from many of the things that could go wrong at your home such as damage from lightning, wind or fire as well as a certain percentage of losses sustained from theft.

The mistake many homeowners make is assuming their standard homeowners insurance policy will be a catch all for any possible catastrophe they might face. In the midst of all the chaos that comes with buying a home, many just get the required coverage, but stopping at standard coverage falls short in many different areas. For example damage from floods, earth movement (i.e. earthquakes or landslides), power failure, neglect, water damage, birds or vermin, mold, wear and tear, government action, or war will normally not be covered.

In order to be better protected, many people invest in an add on policy, such as flood or earthquake insurance, or extra protection that will cover more of their personal property.

Of course, policies can vary quite a bit from person to person, so the only way to tell for sure what is covered and not covered is to look closely at your policy. It’s important to do this before catastrophe strikes in order to determine what types of additional coverage you might need.

All the options and offers from different insurance companies can easily become confusing, but when it comes to the security of your home and family, confused is not how you want to feel. At Stromsoe Insurance Agency in Murietta, CA, we work with 44 different insurance companies and have seen many different insurance policies for many types of insurance — including HO-3 policies. While it’s important for you to read through your own policy carefully, we can help you identify the gaps in your coverage and help you research which insurers might be able to fill those voids. To learn more on how to make sure your home is truly covered, contact Stromsoe Insurance Agency today.

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