Comments on: Insurance On Your House, What Does Home Insurance Cover?

By: xwdguy

xwdguy — Mon, 01 Mar 2010 01:18:05 +0000

Things may vary by company and state, but …
Floods are never covered on home insurance; you need a flood policy for that. Internal water burst (broken pipe, exploded hot water heater) is covered for damaged property, possibly the repair too. Leaky roof is covered (for what damaged, not for fixing the roof).
Many companies give discounts for deterrants (alarms, detectors, etc.), and may send out warnings if they do a visual inspection and see problems (bad roof, lack of railings, broken steps).
The other stuff like vandalism, hail, lightning, explosion, fire, theft tend to be covered.
Backup of sewers and drains can usually be added on for a fee.
Check with your agent if you have questions.
The policy should also cover liability (what if someone slips on your property and sues you?)
By the way, a tree falling on your house would be considered an act of God, but not a flood. Repairing the damage would be covered, but removing the tree might not be.
Everywhere I say “would be covered” means “subject to deductible”.

By: Classy Granny

Classy Granny — Sun, 28 Feb 2010 23:11:34 +0000

Floods and hurricanes because they are called “Acts of God” cost more. It covers things like theft, liability in case someone is injured

By: MLaw

MLaw — Sun, 28 Feb 2010 16:40:55 +0000

Read your policy. Nobody here can do that.

By: Anonymous

Anonymous — Sun, 28 Feb 2010 09:41:18 +0000

It depends on your policy. You need to read the whole policy before you bind it. Yes, I understand that those policy sheets are perfect to put you to sleep, but too many people have gotten burned by not knowing what is and what is not covered on your policy.
You can ask your insurance agent, also, but unless he/she is willing to put in writing what’s covered, you may as well read it yourself.
Best of luck!