5 Things Your Homeowner's Insurance Won't Cover

Posted on: 15 July 2015

As a homeowner, you may have assumptions about what your homeowner's insurance covers. It's important to know for sure, because there is nothing worse than trying to file a claim and realizing your insurance company isn't going to pay out. Have a real estate lawyer go over your insurance paperwork with you to ensure your needs are met. Here are some things you may not realize standard homeowner's insurance doesn't cover.

Trampoline accidents

Trampolines are now sold with a safety net around them because of injuries that have occurred over the years. In the past 10 years, more than 1 million people have gone to the emergency room due to trampoline accidents. Nearly 300 thousand of these accidents resulted in bone fractures. Trampoline accidents are so common that there is no insurance policy that will cover medicals bills from a trampoline accident. In fact, some insurance companies may even deny people coverage if they own a trampoline.

If you decide to buy a trampoline, call your homeowner's insurance company first to make sure that they don't cancel your coverage. Be cautious about letting children other than your own jump on it. It may be in your best interest to either deny access or have their parents sign consent form first. The form will prove that the parents agreed to allow their child to jump on the trampoline and don't hold you responsible for any injuries that may occur.

Flood damage

Your insurance might cover water damage from a leaking room or busted pipes, but it depends on what type of insurance you have. However, if you live in an area that is susceptible to flooding, you need to add separate flood insurance in order for your insurance to cover the damage. If you're not sure if your policy covers water damage, call your insurance company immediately to find out. You don't want to wait until your basement is full of water to realize you have to pay out of pocket for all of the damage.

Personal injury liability

Some people think that this coverage is paired with medical coverage, but it is a separate entity. Personal injury liability is for non-physical injury against the homeowner. If you are in a lawsuit for slander, defamation, or something else non-physical, homeowner's insurance will cover the damage. If you have a job that puts you in the public eye and you are vulnerable to these types of issues, you need to add this coverage separately. You can do this by adding a personal injury endorsement to your policy, or taking out an additional umbrella policy.

Termites

Your insurance company will pay out several types of damages, but termites are not one of them. Wood-boring insects are an obvious problem for homes made of wood, and your insurance company expects you to stay on top of the issue. Termites can cause severe structural damage so it's important to do everything you can for prevention. If you see evidence of termites, call an exterminator immediately.

High-risk dog breeds

If your homeowner's insurance covers dog bites, there is something you may not know about your coverage. Not all dogs are covered. Some breeds are deemed high-risk, and blacklisted by insurance companies. If you have a blacklisted breed, you will be paying out of pocket if the dog bites someone. You will have to ask your insurance company for a list. Some companies may allow dogs that others don't. However, the most common banned breeds are:

Some breeds are deemed high-risk and blacklisted by insurance companies. If you have a blacklisted breed, you will be paying out of pocket if the dog bites someone. You will have to ask your insurance company for a list. Some companies may allow dogs that others don't. However, the most common banned breeds are:

  • Doberman Pinschers
  • Pit Bulls
  • German Shepherds
  • Rottweilers
  • Mastiffs
  • Wolf-hybrids
  • Great Danes
  • Siberian Huskies.

Some companies may have more or less breeds. The banned breeds are banned whether the dog is full-blooded or has a partial relation as a mixed breed.

Don't assume your homeowner's insurance covers what you need. Take your insurance papers to a real estate lawyer and let your lawyer know exactly what you need. It will be worth it to not find out later that you won't be receiving money for something you thought was covered.

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