Relatively Rare Home Damage Incidents and Home Insurance
Most people secure home insurance to protect their houses from everyday hazards like fire, storm damage, theft, or even liability claims.
But there are more infrequent claims, and some are even so rare they may make the news. Would more unusual incidents be covered by homeowners’ insurance? Here is a quick look at some interesting claims and whether they would be covered under home insurance.
Damage Caused By an Aircraft
Even a small plane can cause big damage to a house or property. Larger planes have also been known to lose parts or cause damage from falling ice. As rare as this may be, most home insurance plans would cover the resulting damage.
Floods
While floods are more commonplace, they are typically not covered under a basic homeowners’ insurance policy. Flood insurance is administered by the government and must be secured separately.
Meteors
Not only may you be surprised to learn that your home is likely protected from damage due to meteors, but most standard policies also cover damage from asteroids, satellites, and other falling space debris.
Car Crashes
Every few months, we seem to hear a harrowing story of a car crashing into a house. In these circumstances, if the driver is at fault, the damage should be covered by their car insurance. If they are uninsured or underinsured, your homeowners’ insurance will likely cover the damage.
Sinkholes
Sinkholes occur when the ground underneath the surface hollows out and the surface collapses. They can swallow up a yard, a street, and houses. They occur mainly in the South. Sinkholes are frightening and can be devastating. Sinkholes and other disasters involving ground movement are generally not covered under a standard home insurance policy. These also include earthquakes and landslides. Additional protection may be available, however, in the form of an endorsement or policy rider.
Wildfires
While fires are generally covered under standard homeowners’ insurance policies, the coverage and limits can vary by geographic region.
In any of the above cases, it is best to discuss the coverage of your specific policy with your independent home insurance agent ahead of time.
If you would like to know what is and isn’t covered by your home insurance policy, contact us for a no-cost, no-obligation review. If you like, we can even provide a price quote to help ensure the best coverage at a competitive rate. Get started by contacting us today.
