Homeowners Insurance - the Most Common Uncovered Perils in Homeowners Insurance Policy

By Adams Bridges

Homeowners insurance exclusions are a significant part of your policy. To make sure that your home is adequately covered read your insurance small print carefully. In this article you will be informed of these widespread exclusions.

The Christmas season has a great impact on your homeowners insurance. In holidays season you buy a lot of valuable gifts for your family. A home filled with new expensive items is a hotspot for thieves. The homeowners who spend Christmas away from their homes will have a higher risk than others. During the holidays you don't have enough time to make an inventory list of all your new presents and the gifts receipts.

In case you file a claim your insurer will ask you to show your proofs of ownership of stolen items and that will put you through hassle with your insurance company. Ask your agent to make sure your home contents are fully covered during the holidays. Fix security devices in your premises to reduce your home vulnerability to burglary.

Homeowners insurance coverage remains valid, unless. you leave your home unoccupied for more than one month. Some homeowners insurance providers extend the vacant period for two months. Unoccupied homes are high-risk for burglary, vandalism and electrical or pipe systems damage. The insurance company denies any claim if it has been filed for any loss while the property was unoccupied. It's advisable to buy rider policy if your home is usually unoccupied for more than thirty days a year.

Your homeowners insurance doesn't cover your dwelling against termite attacks. The insurer considers any damage caused by termite as kind of lack of maintenance. Therefore, the homeowner is responsible for preventing any damage due to pests. Make sure your home is fully protected against termite infestations. If you suspect that your house exposed to termite, hire well-trained professional termite inspector. Keep your home clean and throw any broken branches away from your home. Keep your house wooden structures moisture-free.

After you purchase your homeowners insurance you should find out the exclusions related to water damage in your policy. The standard homeowners insurance doesn't cover your home against flood damage. If you live in flood-prone region you can purchase a separate policy from National Flood Insurance Program (NFIP). Your insurer doesn't cover water damage due to Wear and tear or maintenance negligence. But the company will pay out to reimburse you for any unforeseen losses such as damage due to frozen or burst pipes.

Bear in mind these homeowners insurance exclusions like lack of maintenance and unoccupied home.