Many of our clients don’t understand what their Homeowner’s Insurance covers and what it does not. So to help you get a better understanding of your coverage, we have taken some of the top questions on Google and answered them for our clients.
FAQs Regarding Homeowner’s Insurance
Please keep in mind that individual policies can vary and your coverage may not be the same, depending on the company. Call Post Insurance to find out what your homeowner’s policy covers. We are happy to answer all your questions.
Most homeowner’s insurance policies cover wind damage. Therefore, if you lose a roof or a fence blows over during a hurricane, you can probably get reimbursed for the cost of repairs. However, a standard homeowner’s policy does not cover flood damage. Water-related damage during a hurricane won’t qualify unless you have purchased flood insurance.
You do need to check your policy for a separate hurricane deductible. In states known for hurricane losses, insurers commonly protect themselves with higher deductibles for wind damage due to hurricanes.
Does my homeowner’s insurance cover mold?
Whether or not your homeowner’s policy covers a mold problem depends on how the mold got there. Most mold is caused by moisture or flooding and not covered by standard policies. Leaky pipes and poor ventilation are also primary causes of mold and “maintenance issues” do not qualify for coverage.
However, most policies do cover catastrophic failures, such as burst pipes. Whether or not sump pump or sewer back-up qualifies depends on your plan. Make sure to ask your agent about this so that you don’t get hit with a nasty surprise.
The short answer to this is ‘yes.’ Your cell phone is covered if stolen either from your home or off the premises. However, the deductible on your policy is probably greater than the cost of the phone. In almost all cases, you will be better off not putting in a claim for the loss of a cell phone.
Does my homeowner’s insurance cover my boat?
A homeowner’s insurance policy covers damages to property while it sits at home. For most home insurance plans, this would include your boat. However, once the boat leaves the premises, it is no longer covered. Never is Homeowner’s Insurance a substitute for boat insurance.
Something else you need to consider is the deductible. Often, the coverage on your boat (at your home) typically runs less than the cost of replacing the boat and after the deductible may only cover a fraction of repair costs.
If you need more information on boat insurance, contact your agent at Post Insurance. We can help you get the coverage you need.
Does my homeowner’s insurance cover earthquakes?
Homeowner’s insurance does not typically cover structural damage resulting from an earthquake. However, secondary damage, such as fire after the earthquake might qualify. It all depends on how the company wrote your insurance policy. Most auto policies have a special option for earthquake damage. Speak to your agent if you need to review your earthquake coverage. In California, you have the options of purchasing a separate policy or getting coverage from the California Earthquake Authority (CEA).
For more information on what your Homeowner’s Insurance covers and what it does not, call Post Insurance. We have served the insurance needs of people in California for over 60 years.