Home insurance is a valuable asset to any homeowner. It helps to protect what may very well be your largest investment. If you haven’t already read your home insurance policy for exclusions, it is a good idea that you do so. The team at Allied Insurance Agency in Amarillo, TX is available to discuss your home insurance and help you determine the level of coverage that is right for you.
Home Insurance Exclusions
Earth movement
A traditional home insurance policy will not cover things like sinkholes, mudslides, earthquakes, and landslides. If you want to have this coverage, you will either have to add an endorsement to your current policy or add a completely separate policy.
Flood
Flooding due to busted pipes is covered with your traditional home insurance, but if it is surface water, it won’t be covered. Flood insurance can be purchased through the NFIP (National Flood Insurance Program) and has two options; property coverage and content coverage.
Sewer backup
One of the most disgusting things that can happen to your home is to have the sewer back up into it. Even more disgusting is the fact that it is not covered by your home insurance.
Owner neglect
The insurance company has the expectation that a homeowner will maintain their property and not let it run to rack and ruin. If your home ends up with termite damage, mold, mildew, rodent infestation, or other preventable damage, your home insurance will not pay for the repair. They have an expectation that you will get the necessary treatment done before your home sustains any damage. Owner neglect also means normal wear and tear and just aging. The best option is to maintain your home.
We Can Help!
Contact Allied Insurance Agency in Amarillo, TX if you have questions regarding home insurance. Give us a call or email us through our website.