Typically no matter what insurance policy you buy, there are common perils that are covered. Contrary to this, there also are those that are not covered. Knowledge is key when taking out home contents insurance. If you believe something is covered, you don’t want to be in a situation later where the peril occurs and you find that your policy doesn’t provide any coverage. You may have needed to take out additional coverage, so knowing this at the time you obtain home insurance is ideal.
There are some common scenarios that are covered. If these lead to damage to your home, then your home insurance policy would be covered. These perils include: Damage caused by aircraft, Damage caused by vehicles, Explosion, Falling objects, Fire or lightning, Riot or civil commotion, Smoke, Theft, Vandalism or malicious mischief, Volcanic eruption, Weight of ice, snow or sleet, or Windstorm or hail. Also included would be damages from plumbing, heating, air conditioning and sprinkler systems. Electricity, if it is artificially generated, can also be covered.
There are situations that homeowners believe their basic home insurance policy will cover. For instance, various acts of nature that involve earth movement are believed to be covered by most homeowners. This is not the case. These incidents such as earthquakes, shockwaves, landslides, mud flows and sinkholes are not covered. It is possible to take out optional coverage for them to be added to your policy. Water damage if caused by flood, sewer backups or seepage, is not covered. Acts of terrorism are covered, so long as war has not been declared. If war is declared and one’s home is damaged, your home insurance would not apply. Insurance companies are also very specific if situations are caused by neglect and not maintaining one’s home; they will not cover a loss or damage.