One of the biggest misconceptions about homeowner insurance is that a standard policy covers every possible scenario of perils that a homeowner may face. At Insurance Warehouses of America in Orlando, FL, we aim to clarify this misconception.
What is included in a standard policy?
A standard home insurance policy typically includes the following coverages:
- The primary residence: The home you live in.
- Other structures: Sheds, walls, outdoor grills, fences, and outdoor fireplaces.
- Your belongings: This includes personal property such as clothing, appliances, furniture, and other items inside the home.
- Liability and medical payments: Damages for someone injured on your property by accident or when something on your property, such as a fire, damages the property of another.
- Additional living expense: The extra cost of living in another location while your home is rebuilt or renovated after a covered peril.
A standard homeowner policy usually covers fire, windstorms, hail damage, and lightning.
Common Exclusions to a standard home insurance policy.
Unfortunately, a standard homeowner insurance policy does not cover incidents like floods or earthquakes. However, you can purchase additional insurance coverage to cover these perils that put your home at risk.
Other common exclusions to a standard home insurance policy include the following:
Neglect: Damages caused by a property that has not been maintained
Mold: When humidity and moisture have set in and caused mold throughout your home, it is when it was avoidable or could have been prevented.
Wear and Tear: Normal damage that happens to your home over time.
Loss caused on purpose: Intentional losses are not covered by your home insurance policy. You cannot damage your own property and be compensated.
Contact Your Local Orlando Insurance Agent Today!
At Insurance Warehouses of America in Orlando, FL, we understand that insurance terms and conditions can be tricky. Therefore, we have licensed agents available to answer any questions you may have concerning your home insurance policy. Give us a call today at (407) 982-3266.
