4 Common Risks Not Covered by Standard Home Insurance Policy

The standard home insurance policy from Paragon Independent Insurance Agency covers you against multiple risks, but it has exclusions. It’s always a good idea to familiarize yourself with home insurance exclusions to avoid frustrations when filing a claim. Here are common risks not covered by your basic home insurance policy in Plano, TX.

Floods

Floods are ubiquitous in Texas, but home insurance doesn’t cover flooding. However, this doesn’t mean you can’t protect your home against floods. You can purchase stand-alone flood insurance from the National Flood Insurance Program (NFIP) or private carriers. Flood insurance covers your building structure and its contents when floods strike.

Earthquakes

Your basic home insurance policy doesn’t cover earthquakes, landslides, and other earth movements. Like floods, you can protect your home against these risks by purchasing an earthquake insurance add-on.

Sewer backup

If your sewer lines malfunction because of wear and tear, blockage, or any other cause, your home insurance won’t cover the resultant damage from internal flooding. Fortunately, you can purchase a sewer backup add-on to protect your home.

Normal wear and tear

If your home‘s paint has started chipping away, don’t run to your insurer because this isn’t likely to be covered. You should take care of your home to avoid wear and tear.

Pet and mold infestation

You should keep your home free from pests and mold like wear and tear. Otherwise, any damage from these risks isn’t likely to be covered by home insurance. Luckily, keeping your home dry and using an exterminator can help keep pests and mold away from your home.

Not sure what’s covered and not covered by your home insurance policy? Always refer to your policy document. And if still not sure, please get in touch with Paragon Independent Insurance Agency in Plano, TX for clarification.