Understanding the limits of your home insurance.
As a homeowner, you know that your insurance is designed to protect against the various risks that your home and property face. Naturally, you may assume that your homeowners insurance has your back when it comes to common types of natural disasters. However, it’s important to remember that your home coverage does have limits. Here’s what your homeowners insurance will and will not cover when it comes to the following types of natural disasters.
All home insurance policies include fire as a covered peril. This means that you will have coverage for your home and the belongings that are damaged in a wildfire. However, if you live in an area with a particularly high risk for wildfires, then your insurer might refuse to cover wildfire risks. Even if your insurer does offer wildfire coverage, this coverage may not be enough. You can secure additional coverage with fire-specific endorsements and insurance policies.
- Land and Mudslides
Insurance companies categorize land and mudslides as earth movement. As earth movement damages are excluded from standard home insurance policies, you will not have coverage for these types of natural disasters. Specialty policies are available for those who live in areas prone to land or mudslides.
- Earthquake and Flood
Standard home insurance policies specifically exclude coverage for earthquakes and floods. The only way to protect against these natural disasters is by securing a specialty earthquake or flood insurance policy.
This is what you need to know about your home insurance and natural disasters. Are you looking to secure supplemental home insurance coverages? If so, turn to Westwood Insurance Agency for assistance with all of the specialty coverages described above. Contact a Westwood agent today to discuss your specific needs and get the right coverage.