While individual policies will vary, homeowners insurance typically doesn’t cover damage or destruction caused by:
- Flooding and related damage
- Water or sewage backup
- Termite damage
- Rodent and pest damage
- Earthquakes
- Acts of war
Additionally, the personal property coverage offered by most homeowners insurance policies usually won’t be enough to fully cover particularly valuable items like jewelry or collectibles. If you have items whose value exceeds your coverage limits, you can often add more coverage.
In many cases, you can purchase additional coverage in the form of riders which may address some of the exclusions listed above. Flood insurance and earthquake insurance, for example, are very common riders.
