What does your homeowners insurance cover?
While you have homeowners insurance, you may not understand exactly what your policy will cover. To help you out, here are the answers to some of the most common home insurance coverage questions.
- Does home insurance cover mold?
Mold in your home is covered by your insurance if a covered loss causes it. For instance, mold is covered if it is the result of fire, lightning, ice, frozen pipes, or another covered peril. Mold repairs and remediations are only covered if it is caused by something sudden and accidental. For instance, if you did nothing to fix a broken pipe and mold formed, then you would not have coverage because the mold is seen as the result of your negligence.
Mold is also not covered when it grows over time. For instance, if mold pops up in your shower or tub or around other perpetually damp places in your home, then it is not covered by your policy. This is because this mold is considered a result of poor maintenance.
- Does home insurance cover theft?
Homeowners insurance covers theft both inside and outside your home. For instance, if someone broke into your home and stole your television, then you would have coverage to replace your television and repair the damages the burglars caused. If your phone was stolen while you were traveling, then your home insurance would also cover this loss.
Homeowners insurance will only cover your belongings up to a certain coverage limit. So, if you have high-value items that exceed these limits, then they will not be covered by your policy. You can secure additional coverage for high-value items through policy endorsements or by securing specialty policies for specific items.
- Does home insurance cover termite damage?
Home insurance policies typically do not offer coverage for termite damages. However, you may have coverage if termites cause something sudden and accidental. For instance, if a portion of your home suddenly collapses due to termites that are completely hidden from view, then you might have coverage for the damages.
Other than that, termite damage usually isn’t covered because termite infestations do not come out of nowhere. Usually, the homeowner is aware of an infestation, and it is their responsibility to deal with it before their home sustains major damage.
Here’s what you need to know about the coverage offered by your home insurance. Do you have additional questions about your homeowners policy? If so, then contact the experts at Gant Insurance Agency. We are ready to assist you with all your home coverage needs today.
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