Most people believe that having their house insured means they are automatically protected against any peril that could damage, destroy or inflict liability on third parties. Many people are surprised to find out that not all items will be covered by insurance companies when they review the policy's contents, particularly the "exclusions" section.
Following are the most common exclusions in insurance policies:
Wrath of nature
Home insurance is designed to cover acts of nature and technological catastrophes that cannot be predicted. If you live in an area that is prone to a specific type of natural disaster (earthquake, tornado, flood, etc.), then your insurance company may not cover it. Because of the high likelihood of claims being filed, it is very likely that your insurance company will not cover this type of damage. If you are struggling to resolve a tornado insurance claim, or if you are concerned about an unfair denial or underpayment, you can reach out to experienced insurance claim attorneys.
Mold can cause structural damage over time and can pose a serious problem for many people. The worst part is that mold damage is often excluded from insurance policies or raised premiums when one is included. If you believe that mold can affect your home, you should consider purchasing a special rider.
These are some of the main things that insurance companies do not cover. So if you want to make sure that your collection is covered adequately it's recommended to purchase a separate insurance policy or a rider with the indication of the value you want to insure items for.