What Does Home Insurance Cover?

Anyone that has purchased home insurance knows it can by highly complex. The complexity you encounter is primarily due to the many types of perils covered in insurance policies. Perils are the ways and means in which damage occurs. In order to help you understand home insurance, Davidson Insurance Limited has supplied the following information.

Below is a standard list of perils that insurers consider:

  • Fire
  • Lightning
  • Theft
  • Volcanic eruption
  • Falling objects
  • Ice, snow and sleet
  • Accidental discharge / overflow of water or steam (from plumbing, HVAC, automatic sprinkler system, appliance, etc.)
  • Accidental cracking, burning, bulging or tearing apart of a steam or hot water system (plumbing, HVAC, sprinkler system, etc.)
  • Freezing of plumbing, heating, AC, automatic sprinkler system or household appliance
  • Explosions
  • Riot or civil commotion
  • Damage caused by vehicles or aircraft
  • Wind
  • Hail
  • Smoke
  • Vandalism
  • Malicious mischief
  • Sudden accidental damage from artificially generated electrical current

You can purchase an all-perils policy which will cover the complete list but most home insurance plans have some limitations. Davidson Insurance is happy to find a policy that makes sense for you.

Exclusions – What Your Home Insurance Does Not Cover

The skilled South Shore brokers at Davidson Insurance will make sure you understand the limitations of your home insurance policy. We don’t want you to be caught off guard in case disaster strikes. If there is an element of your coverage that you don’t understand, please turn to our professionals for guidance.

You should be aware that your policy will likely have exclusions, which are specific hazards or situations for which you will not be covered. We have listed below some of the perils that most insurers will not provide coverage for.

Common Exclusions

  • Damage caused by wear and tear, rust, corrosion or any gradual deterioration
  • Water damage caused by a flood, underground water or water entering through cracks in your foundation
  • Damage caused by the freezing of your indoor plumbing. Important note: if you are away from home for more than 4 consecutive days during normal heating months, you should drain the plumbing or have your home inspected daily by a competent individual to ensure your heat is maintained. If freezing-related damages still occur despite your precautions, it might be covered.
  • Damage to your home exterior resulting from freezing, melting or moving of snow and ice (includes heaving frost)
  • Damage from earth movements such as snow slides, landslides and earthquakes. Important note: damage from a fire or explosion caused by an earth movement may be covered.
  • Damage from insects or rodents such as termites, squirrels, mice and birds
  • Intentional and criminal acts / fraudulent claims

If you have more questions, we invite you to read our home insurance FAQ. Keep in mind that our brokers will fully answer any questions you have regarding your policy.

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