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This section explains what's covered and what's not in a standard home insurance policy (for homeowners, renters and condo owners). But, keep in mind that your specific exclusions and coverage limits will depend on your policy. So, before you buy a policy, find out exactly what's covered and what's not.
You should also find out whether your policy is "all perils" or not.
- If your policy is not all perils, which is the case for most renter and condo policies, you're only covered against the disasters specifically described in your policy (such as fire but not construction damages).
- If your policy is all perils, you're covered against all disasters except those that are specifically listed as not being covered (they are "exclusions"). Exclusions are usually for floods, earthquakes, nuclear accidents and war.
All perils policies are better because they cover more disasters but they are also more expensive.
Depending on your coverage you may want to buy additional insurance for very expensive things you own, like jewelry, a computer or stereo equipment. Get more information.
What's Usually Covered
Damages caused by these things are usually covered in standard home insurance policies:
What's Not Usually Covered
Damages caused by these things are usually not covered in standard home insurance policies:
WANT MORE?
Check out examples of events that could happen to you and find out if you'd be covered under a standard home insurance policy.
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