Understanding Home Insurance Exclusions

Homeowners insurance is designed to provide financial protection against unexpected events that could damage your home or belongings. It typically covers perils like fire, theft, and certain types of water damage. However, not everything is covered under a standard policy. Homeowners may not realize that some risks need additional endorsements or separate policies. Understanding these exclusions can help you make informed decisions about protecting your home.

One common exclusion is flood damage. Standard homeowner’s insurance does not cover damage caused by rising water from heavy rain, overflowing rivers, or storm surges. If you live in a flood-prone area, you may need to purchase a separate flood insurance policy. Without this coverage, you could be responsible for expensive repairs and losses.

Be aware of exclusions for sewer and drain backups. If your home suffers water damage from a clogged sewer line or an overwhelmed drainage system, your policy may not cover it unless you’ve added an endorsement. These backups can cause significant damage to flooring, walls, and belongings, making proper protection essential.

Jewelry, fine art, and collectibles often have limited coverage under a standard homeowner’s policy. Insurance may cover theft, but reimbursements are typically limited. A scheduled personal property endorsement fully protects high-value items against loss, theft, or damage. Without this coverage, you may not recover the full value of your treasured belongings if something happens.

These are just a few examples; there are other exclusions as well, such as damage from neglect, mold, or personal property losses. Reviewing your policy and understanding what is covered and what is not can help you avoid unexpected financial burdens.

Protecting your home starts with knowing your coverage options. Contact Hicks Insurance at 815-288-1523 for a personalized policy review to ensure you have the proper protection in place for your home and belongings.

For more information, please contact:

Hicks Insurance Agency & Associates, Inc.

311 S Peoria Ave

Dixon, IL 61021

Phone: 815-288-1523

www.hicksinsurance.biz