What Type of Claims are Not Covered?

If you have a homeowners insurance policy, you may think that this entitles you to coverage from every hazard out there. This is simply not true though, as there are going to be a lot of hazards that just don't come with this kind of policy. There may be some things that you can add on as a rider to your policy, but you will need to spend extra money to get this additional coverage. Make sure that you identify all of your risks before you sign up for your policy, so that you can add the coverage you need.

If you want to make sure that you know what is covered under your homeowners insurance policy, then you're going to need to spend some time looking through your declarations page. This is probably going to be the most important part of your policy, so it's in your best interest to spend some time looking through it very carefully. The more you know about what is covered, the better off you are going to be if you have to make file claims in the future.

Understanding Basic Coverage

If you just have a basic homeowners insurance coverage policy, then you are not going to be covered for everything. You will probably be covered for things like fires or inclement weather, but this where your coverage could end up stopping. For example, a lot of policies out there do not automatically include flood insurance. This is an extra thing that policyholders have to make an effort to add. If they do not, then they are not going to get coverage for these things under a basic policy.

Another thing that may be excluded in a basic homeowners insurance policy is certain regional risks. For example, if you live in an area that is prone to tornadoes or sinkholes, then you might not be able to get this coverage in your basic policy. Most homeowners insurance providers will be willing to offer it to you, but you're going to have to spend some extra money to get it. Spend a little time looking over what kind of regional risks that you might be facing. If you can identify some of them, then you may be able to purchase coverage that you need.

Check Your Exclusions Page

If you want to get a list of all of the things that are excluded from your policy, then your insurance company is going to be happy to provide this for you. When you get your policy, there is going to be an exclusions page that you can refer to and see what kinds of things your provider is not going to cover. If you ever forget about any of these things, then you can refer to this handy document to be reminded of these things. Make sure that you can locate this part of your policy today, so that you can always know what is excluded.

When you want to know what type of claims are not covered by your insurance provider, it may be a good idea to speak with an agent about this. Sometimes, there are going to be some things that arise that are not mentioned in your declarations page or or your exclusions page. If you have a specific question about something, then you can direct this to your agent specifically. He or she will be able to address these questions and give you the best answers to them so you will always be in the know.

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