Damage that is Not Protected by Standard Homeowner’s Insurance

If you recently purchased or are about to purchase a homeowner’s insurance policy, there is one thing you must do before anything else: read the fine print. There is nothing worse than something bad happening to your home or your belongings and then finding out that your homeowner’s insurance policy doesn’t cover it. Most people make the mistake of believing their policy covers all types of natural disasters. But they are wrong. Most standard homeowner’s insurance policies will only apply to certain situations. So, you should know what those are before moving forward.


It is important to note that for damage to be covered by your insurer, it must be “sudden and accidental,” the best example being a storm. So, if you have a leaking pipe in your basement that causes damage to the floor over many months, your insurance company will most likely not provide coverage.


It is also important to note that not all sudden storms are covered by a standard homeowner’s insurance policy. For example, storms like floods and earthquakes are typically not included. If you want coverage for these disasters, then you need to tell your insurance broker to add them to the policy, which many cost you more money. But, if it is a legitimate risk, adding that coverage could save you tons of money down the road.


At Insurance Navy in Palos Hills, we provide cheap homeowner’s insurance policies for homeowners in and around the city of Chicago. If you have any questions about our low-cost homeowner’s insurance, the Insurance Navy agents are here to help. To learn more about our affordable homeowner’s insurance, please visit our website at www.insurancenavy.com

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