How to get best home insurance policy in 2018? Part III

Throwing light to the previous, we have covered all basic information regarding home insurance but here, we will discuss about some major things, aftereffects of which will not be catered by your insurance company at any level. Before, you go into details here, do not forget to read the previous article about important things you need to know regarding your home insurance because it is more than just for home. 

What is not included in your best home insurance cover?

As home insurance is supposed to cover things you are control but the inverse is true as well. You also need to be prepared for the things best home insurance plan does cover. High cost damages are the ones, which has to be fulfilled by you not the bank. Most of the people realize this when they finally go through that and obviously they are not prepared.

For minor cases, you still need to be well aware about your coverage because if it is insufficient, insurance agency cannot help you with that. Such issues can be handles by upgrading the plan or policy. The best of all is, if you stay in area where disasters are common to take place, keep your plan upgrades or switch your plan to the other providers, which are offering better coverage options. However, there are other situations, which cannot be covered by any company, howsoever. Here are some of the common you need to know and be prepared for:

Movement of Earth:

• Sinkholes and Landslides: With the exception of the state of Florida as it is quite open to these disasters, some companies may offer damage for these disasters. But it is always recommended to check with your company first. Get the good insurance consultation and ask all the possible questions you think are important for your knowledge. 
• Earthquakes: Well, we can predict when they will come on an approximation but honestly, how much damage they are going to bring along is something out of our control. This movement of earth is catered for damage with purchasing for an extra fee in all states except California.
  

Simultaneous Events

Another important fact you need to know is about the consistency of the events, which can be really problematic for homeowners such as storms that cause both wind and flood damage. Depending on your endorsements and policy, you can be covered for one but not the other. You be liable for the cost of damages in case the company facilitates both of them. 

Flooding

The natural flooding is not covered by insurance companies however, flooding took place within house are covered such as water damage caused by burst pipes but not from heavy rain or overflowing rivers. Insurance companies do not cover the weather-related flooding. If your house is of great risk of damage by the flood, you can probably invest on government policy of insurance for this known as national flood insurance program.

Maintenance Neglect

There is a certain responsibility of the homeowner to take care of the house to all possible extent. Insurance companies expect homeowners to perform regular and preventative work on home wherever and whenever required. In case of carelessness, insurance companies are not responsible. You can also look for policies by State Farm Woodland Park Insurance Company. They are offering some really appreciable coverage options.

Here are some of the common maintenance related issues, which are not covered by insurance policies:

• Burst pipes: 

As pipe ages, it becomes a great risk, leaking and cracking due to brittle. There can be a great risk caused by different factors such as frozen pipes in winter or D-I-Y plumbing. In case you purchase extra water damage endorsements but it does not include the actual pipe repair. 

• Ordinance changes: 

In a lot of cases, government regulations and new laws require upgrades on a home that is not otherwise damaged. You can include updates to an aging of natural gas pipeline but it is functional. There are few cities which have passed ordinance that require homes up to a certain size for installation of fire extinguishing systems, cost handled by homeowner.  

• Sewer Backups: 

Torrential rainfall, blockages, and even cracks caused by tree roots, can cause a sewer line to back up and flood your home. Unfortunately, these backups fall under the same category as burst pipes. The resulting damage may be covered if you have the special endorsements, but the cost of the line replacement won’t be.

• Termites: 

Termite causes billions of dollars in damage to homes every year. The wooden beams that support your home are a food source that can sustain massive colonies of the pests, all the while slowly destroying your house with you none the wiser. Best Home insurance companies view infestation by termites (or any animal or pest) as a sign of neglect and will not cover the cost of damage.

• Mold: 

Rooms with high humidity such as basements, attics, or crawl spaces (or any room which experienced previous water damage) can be a breeding ground for mold. Mold growing on floors or walls can be a potent allergen and cause any number of respiratory problems. Because mold can easily be controlled with preventative maintenance, home insurance policies rarely cover it without additional, costly endorsements.

Certain Dog Breeds

Many policies include coverage for the medical costs incurred in the event that a homeowner’s dog bites a guest or neighbor. However, some breeds with a reputation for being aggressive may be charged a higher premium, or not be covered at all. It’s important to always report dogs to your insurer to identity any breed-related gaps in coverage, or any extra steps needed to make sure that you are protected.

Wind Damage

Wind damage is unlikely to be covered under a basic home insurance policy in hurricane-prone areas, such as the Atlantic or Gulf coasts. In these areas, you will most like purchase added endorsements to your policy to cover the increased risk.

Acts of War

Living in the United States, being covered against acts of war probably is not a primary concern when purchasing home insurance. However, with the number of domestic terror attacks either executed or prevented over the past few years, more people are probably starting to think about it. As it stands, home insurance companies do not cover any terror attacks using nuclear, biological, chemical, or radioactive weapons. They are considered acts of war, and therefore uninsurable. However, those are extreme cases. Most insurance policies do cover damages cause by explosions, smoke, and fire, which are the most likely of an unlikely scenario.

Nuclear Accidents

Any damage caused by accidents at a nearest nuclear power plant is not covered by general home insurance policies. However, government as in Federal Law bounds the nuclear power companies to contribute to the damage caused by the accident so that insurance companies can cover that cost of repair.

Additional Protection

There are other coverage options offered by various companies but they differ because they are optional. They are to complement the basic options outlined above. State Farm, a Park County Insurance company offers great privileges you should check as they have a proven track record.

Most home insurance policies cover damage from wind and fire but severe natural disasters such as earthquakes and floods are beyond control. They always have to be added as an additional policy option. Take a look if catastrophic coverage options offered by the insurance company before you make a final purchase if your location is open to natural disaster.