Robinsons Insurance Agency Blog
Homeowners Insurance protects homeowners against damage to home and belongings from a covered cause of loss. The basic covered causes of loss are fire, lightning, windstorm or hail, explosion, smoke, vandalism, aircraft of vehicle collision, riot or civil commotion, sinkhole collapse, and volcanic activity. The broad coverage will cover the basic perils or cause of loss plus the following:
SECTION I - Property Coverages
Coverage A: Dwelling
Coverage B: Other Structures
Coverage C: Personal Property
Coverage D: Loss of Use or Actual Loss Sustained
SECTION II - Liability Coverages
Coverage E: Liability Coverage
Other available coverages are the following:
Common Exclusion in a Homeowners Policy
Earthquakes - Homeowner’s policy will not cover damage caused by earthquake like collapsed walls, broken foundation and other property damage caused by the tremors. Earthquake coverage is available in the form of a separate policy or an endorsement from most private insurers and, in California, from the California Earthquake Authority (CEA).
Flood Insurance - Flooding damage is not included the covered cause of loss on homeowner’s policy. If the property is in the flood zone and the mortgage company requires you to have flood insurance, you may get it from special private insurers or from FEMA.
Damage caused by termites, vermin, and rodents - Pest infestations and the resulting damage are not covered by the homeowner's policy as they are categorized as home maintenance issues.
Normal Wear and tear - Homeowner's policy will not cover damage that occurred due to aging and regular use. This is why insurance company will not cover if you need to update your old kitchen and bathroom.
Mold - The homeowner's policy will cover mold if it was caused by a covered cause of loss like a hidden water damage. If the mold is caused by lack of maintenance or from previous flooding, then the homeowner's policy will not cover it.