Home Insurance: What Does Homeowners Insurance Not Cover

Home insurance, also commonly called homeowner’s insurance Homeowners insurance provides you with financial protection in the event of a disaster or accident involving your home. Home insurance is a form of property insurance that covers losses and damages to an individual’s house and to assets in the home. Homeowner’s insurance also provides liability coverage against accidents in the home or on the Home insurance.

What Does Homeowners insurance Protect Against?

In most standard policies, you will be covered for damage to your home and its contents as well as liability for accidents that occur on your property. As a homeowner, it’s important to carry insurance not only against damage to the house itself, but also to the contents of the house if something should happen, such as a fire or flood.

Upgraded Homeowners Insurance

That upgraded policy (called HO-2) adds protection to your home and possessions from even more perils. You get protection from everything on the HO-1 list (above) plus:

  • Falling objects
  • The weight of ice, snow, or sleet
  • Glass breakage
  • Abrupt collapse (say from termite damage)Damage to electrical parts caused by artificially generated electrical currents (such as a power surge not caused by lightning). But damage electronics such as computers aren’t covere.
  • Flooding from your appliances, plumbing, HVAC, or fire-protection sprinkler system

With HO-1, HO-2, and HO-6, what you see is what you get. So if zombies attacked your home, your HO-1 or HO-2 wouldn’t cover the damage because zombies aren’t on the list of specific things those policies co.

That same list applies to the homeowners insurance you buy for a condominium or co-op (except then it’s called HO-6 instead of HO-2).

What’s covere a standard homeowners insurance policy?

  • Personal Belongings: If your personal possessions, like furniture, clothing, and appliances, are damage or deemed a total covere loss, we’ll arrange for them to be repaire or replace.
  • Physical Structures: If your house or other structures on your property, like a garage or tool shed, are damage or a deemed total covered loss, we’ll arrange for them to be repaire or replace.
  • Additional Living Expenses: We’ll cover your additional expenses if, due to a covere loss, you need to live elsewhere while repairs are being make to your home, enabling you to return to living your life as quickly as possible.
  • Liability: If someone is accidentally injure or has their own property damage while on your premises, we’ll defend any claims against you and pay them up to your policy limits. We’ll also pay for reasonable and necessary medical expenses up to the limit you purchase, regardless of who was at fault.

Most Complete Homeowners Insurance

The most complete and protective form of homeowners insurance (called HO-3) covers you for all perils except some specific ones like:

  • Wars
  • Landslides
  • Mudslides
  • Sinkholes
  • Floods
  • Nuclear accidents
  • Earthquakes

What Homeowners Insurance Doesn’t Cover

No matter which basic policy you get, it’s not going to cover everything than can damage or destroy your home. Typical homeowners policies don’t cover:

  • War
  • Hurricanes
  • Floods
  • Earthquakes
  • Mudslides
  • Landslides
  • Sinkholes
  • Nuclear accidents
  • Sewer backups
  • Sump pump failure
  • Pollution
  • Ground movement and holes caused by mining (known as mine subsidence insurance)
  • Bad things that happen because you failed to maintain your home

You can buy additional policies to cover some but not all of those perils.

How premiums are calculate


The premium for home insurance is base on the like of a claim being make on your policy in the future. Your insurer may take into account many different factors when calculating your premium, including:

  • How your home is occupied
  • The construction materials
  • Location of your home
  • The year your home was building
  • Applicable government charges
  • The risk profile of the property
  • The basic excess amount you choose
  • How you use your home, for example residential or business use
  • The level of cover you have chosen

Discounts and savings

Insurance companies may reduce your premium if certain safety and security measures are in place, such as deadbolt locks, fire extinguishers, smoke alarms and security systems. In some cases, these items may be require under the policy.

  • No-claims bonus
  • Linked policy discount
  • Multi-policy discount
  • Years of insurance discount

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