The Hidden Gaps In Homeowners Insurance Coverage

Many policy holders believe that their “comprehensive” homeowners insurance coverage provides protection for every possible disaster. While the standard homeowners insurance coverage does protect against problems such as fire, storm damage, and theft, even the best policies do not cover every foreseeable issue a homeowner could encounter. Natural disasters, exterior structures, and even insect attacks are among the items not covered under the typical policy.

Homeowners Insurance Coverage Gap #1: Natural Disasters

Although most homeowners insurance coverage includes damages from high winds and heavy rains, a standard policy does not cover all types of storm damage. Homeowners in flood-prone areas must purchase additional homeowners insurance coverage from the National Flood Insurance Program. Normal policies also do not cover damages from earthquakes. Studies have shown that areas near oil and natural gas fracking wells also have recorded an increase in the number of earthquakes, so policy holders in these areas should consider purchasing additional earthquake coverage.

Homeowners Insurance Coverage Gap #2: Mold

As moisture seeps into the drywall and other areas of a house, mold spores find a suitable environment for their continued growth and expansion. When these spores find their way into the air ducts and ventilation systems, they can cause health problems for the whole family. While the homeowners insurance coverage may pay for the repairs that led up to the mold infestation, it does not often cover the removal of the mold already in place. Mold removal can be a major expense: an expense not include in the standard homeowners insurance coverage policy.

Homeowners Insurance Coverage Gap #3: Sewer Backup

Another unhealthy problem not included in the standard homeowners insurance coverage protection is a sewer backup. When a public sewer backs up into a private home, it can leave raw sewage – and its accompanying odors – in nearly every part of the house. Policy holders often mistakenly assume that such events are included in their standard homeowners insurance coverage. Some providers offer supplemental coverage for a small fee, which can protect both the structure and the contents of the home.

Homeowners Insurance Coverage Gap #4: Swimming Pools

Swimming pools can offer homeowners a place to exercise, socialize, and enjoy hot summer days. However, pools also pose major problems when it comes to homeowners insurance coverage. Slips, falls, drownings, and other accidents can increase the homeowner’s exposure to legal liability. Experts recommend that pool owners increase their homeowners insurance coverage for accident liability to $500,000. This additional coverage provides protection for any judgments and legal fees associated with pool-related injury lawsuits.

Source: Time/Money

Get Answers For Your Homeowners Insurance Lawsuit Questions

To find out how we can answer your questions about a homeowners insurance lawsuit, contact one of our attorneys today. Our intake team will take down the details of your case and quickly connect you to an attorney who understands how to get the most from your homeowners insurance lawsuit. You can also fill out the “Free Case Evaluation” form at the top of this page.

NOTE: This blog post is a news story and does not imply an endorsement of Arguello Law Firm by any of the parties mentioned herein.