In general, standardhomeowners insurancepolicies cover renovations. However, it's to your advantage to check with your agentbeforethe project gets underway to make sure that you will be adequately covered during and after the renovation. There are two key reasons why this is important: Your existi...
Flooding caused by an interior problem, like a leaking pipe or an overflowing toilet, is generally covered by homeowners insurance. However, flooding due to external conditions is much the same as earthquakes. Whether the causes are natural (rising rivers, flash floods) or man-related (burst dam...
Standard homeowners insurance policies usually cover damage due to fire, both house fires and wildfires, as well as smoke damage. Your policy should pay to replace or repair the house's physical structure, permanent fixtures, appliances and attached structures, as well as your personal belongings. ...
Renters insurance is less comprehensive than a homeowners policy but costs much less. Regardless of how much you save, it would be best to understand what your policy covers so you don’t run into any problems. Personal Property Damage Does renters insurance cover property damage? Personal ...
Does Homeowners Insurance Cover Wildfire Damage? Typically, wildfire damage is included in your homeowners insurance coverage. However, the rapid rise of wildfires due to climate change in recent years has caused insurers to dramatically increase premiums or deny coverage altogether in fire-prone areas...
Homeowners insurance typically does not cover expenses related toidentity theft, but many carriers offer identity theft coverage as a home insurance endorsement. Some insurers automatically include this coverage on standard home insurance policies. This coverage typically helps pay for identity restoration ...
While homeowner's insurance is important to have in the face of disaster, the reality is that it only protects your home from windstorm damage—leaving it vulnerable to other major catastrophes like earthquakes and flooding.Kate RogersFox Business...
Homeowners insurance for animal damage: what is and is not covered Most standard homeowners insurance policiesexclude damage from neglect. Because animal and insect infestations can often be avoided with regular pest control treatments, insurers usually consider the damage largely preventable. This typicall...
What Homeowners Insurance Does Not Cover? Two things that homeowners insurance often does not cover are earthquakes and flood-related damage, but there are several other instances of damage that your home insurance will likely exclude. Here are a few examples: ...
Homeowners insurance protects your financial interest in your property, while private mortgage insurance (PMI) protects your lender. If you have less than 20% equity in your property, you’ll likely be required to pay for mortgage insurance, so your lender is protected if you default on your ...