Five Types of Claims Most Homeowners Insurance Doesn't Cover

JAY THOMAS | November 13, 2017

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Purchasing a homeowners insurance policy is part of being a responsible property owner, but while your policy covers many parts of your home, it doesn't cover the whole thing. You may be surprised by these five types of claims your insurance likely doesn't cover. Homeowners insurance policies rarely cover flood damage, though many people think they do. Homeowners who live in areas typically affected by flooding should purchase a separate flood insurance policy. Available through the National Flood Insurance Program, which is run by the federal government, these policies often take around a month to go into effect, so they should not be purchased right before a flood warning. Most basic homeowners insurance policies have limited mold coverage or don't include it at all. Sometimes you can purchase an endorsement for additional mold coverage. The limited coverage, though, means you're unlikely going to get reimbursed for the full amount of damage.

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