Which area is not covered by most homeowners insurance?
A standard policy includes four key types of coverage: dwelling, other structures, personal property and liability. If your home is damaged by a covered event, like strong winds, dwelling coverage can help pay to repair it. Let's say a detached structure on your property, like a shed, is damaged by a fire.
Which of the following are covered by a homeowners policy?
Most homeowner policies provide coverage that does not apply to animals, birds, fish, automobiles and business property; for loss or damage caused by flood, surface water, water which backs up through sewers or drains, earth movement, nuclear damage, war, etc.
Which of the following losses would not be covered by a homeowners policy?
Which of the following would not be eligible to purchase a Homeowners Policy? A person who owns and lives on a farm -- Homeowners eligibility does not include farm property, but does include certain incidental business occupancies.
What does homeowners insurance cover and what does not?
Homeowners insurance helps protect one of your most significant investments – your home. Unfortunately, the average homeowners policy does not cover all situations that may arise. As policies range from insurance company to insurance company, it is important to know what your policy covers and what it does not.
Are certain catastrophes not covered by homeowners insurance?
Certain catastrophes, like flooding or earthquakes, are generally not covered by basic homeowners policies and require specialized insurance. Homeowners insurance typically covers a broad range of possible damages.
Are sinkholes covered by homeowners insurance?
While homeowners insurance covers a broad range of accidents and disasters, there are certain perils that it does not generally cover. One of the most well-known perils not covered by homeowners insurance is earthquake damage. Your policy may also not cover sinkholes and other types of earth movements.