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What Your Homeowner's Insurance Likely Won't Cover

Wednesday, March 16, 2016   /   by Vanessa Saunders

What Your Homeowner's Insurance Likely Won't Cover

Whether your home floods, is robbed, or has normal wear and tear, you expect your homeowner's insurance to help cover the costs of repair, but your insurance does have limitations regarding what it covers. Take a look at these four things your homeowner's insurance won't cover so that you will be fully prepared for when disaster strikes your home:


Termites


Termites can do severe damage to your foundation if colonies — which can range  from 100 pests to up to several million — invade your home. Paper, wood and decomposed plant material that are' in close contact with soil or dirt near your home will provide termites with a source of food and entry to your home. Moisture accumulated around the foundation and in crawlspaces that have poor ventilation can provide a water source for the termites to survive on. Termites can destroy support beams and other wood in your home. If termites enter your home and cause damage, don't expect your homeowner's insurance to cover the cost of repairs.


Mold


Mold is not only a sight for sore eyes, but it is also a health concern if it grows in your home. Mold can bring out symptoms similar to allergies and can even cause breathing difficulty. Despite the common presence of mold, the traditional homeowner's insurance policy limits coverage for mold damage or completely excludes it. The best solution for mold is to stop it before it begins growing. If your home floods or you have leaking pipes, eliminate the moisture before mold has the opportunity to grow.


Sewer backup


As sewer lines rapidly age, more homes are being hit with sewage backups due to out-of-date sewage lines. Other causes of backups are pipelines that handle storm water and raw sewage, and blockages from tree roots that find a path into sewer-line cracks. If a sewer backs up into your home, it can damage and ruin flooring, furniture, walls and your electrical system. Your homeowner's insurance will not cover the cost of repairs. If you are looking for protection from sewer backup, consider extra insurance that can be used as endorsements to your current policy.


Sinkholes


A sinkhole is a sudden gap in the earth's surface that happens after groundwater dissolves rock such as limestone over a period of time, carrying bits of the rock away, resulting in large pores and cracks in the bedrock. After large cavities form underground, the land and soil above may quickly settle and/or collapse, creating a large sinkhole. Depending on the area in which you live in, sinkholes may not affect you, but if you do live in an area that is susceptible to this natural disaster, you should be aware that your homeowner's insurance might not cover the damages.

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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The data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

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The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.
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