5 Home Insurance Exclusions You Need to Know About

In this article, we will take a look at the 5 home insurance exclusions you need to know about. If you want to look at our detailed analysis of the global home insurance market, you can go to 12 Home Insurance Exclusions You Need to Know About.

5. Intentional Damage

If a homeowner or a family member intentionally damages the property, the home insurance policy cannot help under these circumstances. Hence, damage done on purpose is excluded from home insurance.

4. Mold

Depending on the root cause of the mold, it becomes an exclusion. Homeowners insurance might provide coverage if the mold is a result of a covered peril. However, it won’t cover it if the mold has developed gradually as a result of issues of poor maintenance or long-term leaking. Therefore, mold is another common home insurance exclusion.

3. Pest Infestations

Homeowners insurance does not cover the damage caused by termites, rodents, and other pests. To avoid repairs which might be costly in this situation, preventive measures should be timely undertaken to address such infestations.

2. Earthquakes and Earth Movement

Earthquakes, land shock waves, mudflows, and landslides are typically excluded from home insurance policies. Similar to the solution for flood damage, homeowners need to purchase a separate earthquake insurance policy especially if their home is in a location that is more vulnerable to earth movement.

1. Flooding

Damage caused by floods is most usually an exclusion in standard homeowners insurance. Typically, homeowners need to buy a separate flood insurance policy to protect them against flooding. For those residing in high-risk flood areas with federally funded homes, flood insurance is mandatory.

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