Home insurance is designed to protect your home from a variety of perils. You choose the amount of liability coverage and the deductible. Your peace of mind comes from knowing you are safe. It would be great if home insurance covered everything that could damage your home, but unfortunately, it doesn’t. Knowing the exclusions on your policy is vital. Always read your policy. It is just a good thing to do. At Gill Insurance Agency in Plainfield, IN, we don’t believe in one size fits all. We believe your insurance policy should be customized to fit your needs.
Floods
Floods cause billions of dollars in damage every year across every state in the union. It is hard to imagine one of the most common hazards homes face isn’t covered by home insurance, but that is the case. The good news is flood insurance is offered by the NFIP (National Flood Insurance Program) and by private insurance carriers and is something you can purchase if your home is in an area where flooding might pose a danger.
Earthquakes and other land movements
Not quite as common as floods, earth movements are also not covered by home insurance. Land movements include earthquakes, mudslides, and sinkholes. All of these can hit with little or no warning and cause devastating damage. You can also purchase an additional policy to cover this potential issue.
Owner neglect
Your insurance carrier has the expectation you will maintain your home. This includes replacing your roof when it ages out and treating your home for pests like carpenter ants and termites before they do major damage.
Having the right home insurance gives you security. You can supplement your policy to cover excluded items if you are aware of them. Talk to us at Gill Insurance Agency in Plainfield, IN about your home insurance needs, and let us make sure you have the right coverage.
