A typical homeowners insurance policy will cover fire, lightning, tornadoes, wind storms, hail, explosions, smoke, vandalism, theft and a large number of perils. However, a standard policy DOES NOT cover flood and earthquake damage.
Here’s a list of what is not included in a standard policy:
- Earth movement
- Nuclear hazard
- Neglect or failure to make repairs
- Corrosion, deterioration, decay or rust
- Wear and tear
- Increased cost due to enforcement of any building ordinance or law
- Government actions
- Power failure
- Animals or pests
The best way to find out your coverage is to contact your insurance agent for a complete list of policy exclusions in your state.