What does a homeowners policy cover?If items on my property cause damage to my neighbor’s property in the event of a storm, will my homeowners policy cover the cost?Will my homeowners insurance cover sewer and drain backup?Are there disasters my property insurance won’t cover?
A homeowners policy is intended to cover your buildings, contents, and liability. Your Dwelling - the main structure and all attached structures. Other Structures - structures detached from your home, i.e., garages, sheds, barns. Contents - your belongings that are not permanently attached to your home. Loss of Use - extra expense coverage such as…Read more
No, your homeowners policy does not cover damage done to your neighbors property. A windstorm is considered an "Act of God" loss. Your personal liability responds to losses you are legally liable for. Your neighbor needs to contact his insurance carrier for possible coverage.Read more
No, unless your policy is endorsed to provide backup of sewer and drains. This endorsement usually provides coverage for a set dollar limit of either $2,500 or $5,000. and must be specifically requested.Read more
Even though "all risk" property insurance contracts extend to cover a variety of calamities, there are standard exclusions where in some cases, coverage is simply not available. For example, if you think in terms of natural disasters that may occur like floods and earthquakes, there are standard exclusions regarding these perils on most property policies.…Read more