When you need to make a claim on your homeowner’s insurance policy, that’s a rotten time to find out the situation is not covered. If you don’t already know, take time to familiarize yourself with the exclusions included in your policy so you can avoid nasty surprises.
Exclusions are situations or ‘perils’ that your insurance company will not provide coverage for so it’s important you know what those situations are in your policy. If you come across something you don’t understand in your policy, be sure to ask your insurance expert for more information.
Here are some examples of perils or potential causes of a loss that are not usually covered by insurance companies:
If there is a particular situation or peril that concerns you, ask your insurance expert about coverage options for it, known as endorsements. To protect your home against generally excluded perils, such as earthquakes and floods, you may be able to purchase optional coverage. There’s no harm in asking for a quote to add an endorsement to your homeowners policy and then decide if it is worth it or not.
To be sure what coverage and exclusions are in your homeowner’s insurance, feel free to ask the insurance experts at Mitchell & Whale about your policy. Give us a call at 1-800-731-2228 or email us at firstname.lastname@example.org; we’d be happy to talk with you.