Homeowner insurance is divided into two parts: property protection and liability protection. You should also be aware of typical exclusions.
- Other structures
- Personal property
- Loss of use or additional living expenses
- Additional coverages
- Medical payments
- Personal liability
What's not covered
Don't be surprised: There are several major risks that a standard homeowner policy does not cover. If you face these risks, you should strongly consider buying additional coverage.
- Earthquake insurance - This coverage provides for repair or replacement of your home due to an earthquake.
- Flood insurance - You'll need flood insurance to cover you against floods, flood-related erosion, abnormal tidal surges and mud flow.
- Homeowner insurance and landslides - Homeowner policies usually don't cover damage due to land movement or landslides.
- Homeowner insurance and mold - Some companies will allow you to buy additional coverage for mold.
- Volcano coverage for your home and auto - Not all damage caused by a volcanic eruption is covered under your homeowner policy - you may need more coverage.
Other common things your basic policy doesn't cover
- Wear and tear, deterioration
- Maintenance issues, including slow water leaks
- Damage due to animals or rodents
- Foundation settling and cracking
- Additional things not covered by a standard policy