Do you know what is actually covered by your home insurance? Home insurance policies are designed to protect your personal property and provide reimbursement in case of disaster but there are a surprising amount of claims that are excluded. Don’t wait until a disaster has happened and you fail a claim only to have it rejected. Find out what your home insurance covers and what it does not. Business activities are often insured but only to a small amount, often far less than the damage amounts to. Motorized equipment is usually covered but only if the damage occurs on your property, so if your ATV is damaged helping tow your neighbours tractor it may not be covered. Natural disasters are also areas with spotty coverage, flooding for example is often not covered by home owners insurance and requires a separate insurance.
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Is That Covered by Home Insurance? 5 Surprising Facts