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Check For Major Exclusions
- Check your homeowners policy for major exclusions like flood and earthquake since they are usually not included.
- Buy separate flood or earthquake coverage when your local risk or mortgage requirements make it sensible.
Flood Insurance Paid After Nearby Backup
- Dr. Jim Dahle bought flood insurance in Virginia because his house was only 12 feet above sea level and flood waters nearly reached the porch during a hurricane.
- Flood insurance later paid to repair first-floor damage after a storm-drain backup in his neighborhood.
Expect Many Maintenance Exclusions
- Homeowners policies exclude many gradual, maintenance-related, and vacancy-related losses that people assume are covered.
- Expect exclusions for freezing if heat was shut off, foundation settling, pests, and long-term seepage or vacancy vandalism.