What isn’t covered by home insurance

Owning your own home is part of the American dream. When you own a home, you have a lot to worry about. One of the things that can help allay your homeownership worries is home insurance. It is the security blanket that protects your investment from all the bad things that can happen. But does home insurance cover everything? The answer is no, a basic home policy doesn’t cover everything. At the Insurance Center of Green Valley in Green Valley, AZ the experienced team can help you to understand the importance of having the right home policy for you and your home. 

Flooding is probably the most common item that homeowners may not realize is not covered under a basic home insurance policy. As many as 41 million homes in the United States are in danger of damage from flooding. While flooding is not a common occurrence in Arizona, it has happened with devastating results. 

Earthquakes are also not covered by a typical home policy. The risk in Arizona is low, there has only been one earthquake over a  magnitude 7 but it is best to know what you can expect if one should happen.

Sewer backup is not covered by most home insurance policies unless it is specifically listed. It is always a good idea to actually read your home policy to see the exclusions. 

Expensive jewelry is likely under covered. Home policies have stated limits on jewelry and they are not very high. If you have an engagement ring, it may be worth more than the limits of your policy. 

Knowledge is power. Understanding what is covered by your home insurance policy and more importantly what isn’t covered is vital for your peace of mind. Give the office of the Insurance Center of Green Valley in Green Valley, AZ a call or stop by to talk to one of their team about your home insurance policy or needs.