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5 things that homeowners insurance does not cover
Homeowners insurance is a crucial safeguard, offering financial protection from a variety of potential threats to your home. However, while these policies generally cover risks like fire, theft, and some natural disasters, there are certain limitations. Some perils and damages aren’t included in standard homeowners insurance, leaving homeowners vulnerable if they don’t recognize these gaps. Here are five key things that homeowners insurance typically does not cover. Understanding these exclusions can help you make better decisions about protecting your property. Flood Damage Flood damage is one of the most significant exclusions in most homeowners insurance policies. While damage from internal water issues, such as a broken pipe, is usually covered,…
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What’s not covered by homeowners insurance?
Homeowners insurance typically provides coverage for a variety of risks associated with owning a home, but there are certain things that are typically not covered or may require additional coverage. Here are some examples: Floods: Most standard homeowners insurance policies do not cover damage caused by floods. If you live in a flood-prone area, you may need to purchase a separate flood insurance policy through the National Flood Insurance Program (NFIP) or a private insurer. Earthquakes: Damage from earthquakes is usually not covered by standard homeowners insurance. If you live in an area prone to earthquakes, you may need to purchase a separate earthquake insurance policy. Sewer Backup: Damage caused…
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9 Surprising Things Your Home Insurance May Cover
Are you planning on buying a home in Central Oregon? If so, you know that you need homeowners insurance but, did you also know that there are a variety of additional things that homeowners insurance covers? In this article, we will provide you with more information on all of the things that homeowners insurance covers, so that you will know what to expect when you get a policy. Surprising Things Homeowners Insurance Covers Theft of Personal Items It only makes sense that personal items that are stolen from your house would be covered by your homeowners insurance policy. But, if you have personal items in your car — like your…
