Homeowners Insurance Policy Questions & Answers
The best time to learn about what’s included in a basic homeowners insurance policy is before you have a claim. We’ve gathered the answers to the most common “Am I covered if…” questions about your homeowner’s insurance policy to help you to minimize any coverage surprises.
What property and perils are excluded from my policy?
Typically, coverage does not apply to damage caused by flood, surface water, water that backs up through sewers or drains, earth movement, nuclear damage, war, etc. Personal liability and medical payments do not apply to the operation, ownership, use, etc., of any aircraft, automobile, RV, watercraft powered by more than 50 horsepower motor; bodily injury or physical damage caused by an intentional act of the insured.
What happens if I have a fire? How do I collect for my personal property?
Whether your policy pays for the replacement or just the actual cash value of your possessions, you will be paid for personal property that you can show you owned at the time of loss. It is a very good idea to keep an up to date inventory in a secure place. Also, to help you remember what you had, it is helpful to take pictures or video of each room.
If my sump pump fails due to water backing up through the sewers, am I covered?
No, but you can easily add a sewer and backup endorsement to your homeowner’s policy to cover the loss.
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