Make sure you’re properly protected by asking your agent about these potential gaps in your homeowners insurance.
You may have the best homeowners insurance money can buy – but that doesn’t mean your home is covered against every risk every time. Why? Is your insurance agent trying to short you? Absolutely not! It’s important that homeowners know that the standard policy doesn’t cover certain things. Mind these gaps in your policy so you don’t face an expensive surprise after a disaster.
Homeowners insurance doesn’t cover flooding. You might think that’s not a big deal if you don’t live on a flood plain, but you’d be wrong. Flood Smart reports that the average flood claim in the last five years came in at just under $40,000. What’s more, non-flood plain areas flood all the time! Don’t leave yourself exposed to this huge expense. Talk to your agent about a flood policy.
While you’re at it, address another source of potential water damage with your agent. Make sure you put coverage in place for sewer backups, because this kind of watery issue generally isn’t covered by homeowners insurance.
Just like flooding, earthquake is a natural disaster not covered by home policies. If you live in an earthquake-prone area (we’re looking at you, California), talk to your agent about quake coverage.
You love your pool and trampoline, and your kids love them even more. You know who doesn’t love them? Your insurer. These high-fun items are also high-risk. If you own one or both, ask your agent if you have enough liability coverage. Although liability is built into all policies, you likely need to raise your limits to be properly protected.
Are you being informed about the gaps in standard homeowners insurance coverage so that you can best protect yourself, your family, and your assets? Review your policy with a dedicated, experienced agent who can help you safeguard what matters most; contact Nahai Insurance Services today.