What two 2 things does not homeowners insurance cover?
Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered. Damage caused by smog or smoke from industrial or agricultural operations is also not covered. If something is poorly made or has a hidden defect, this is generally excluded and won’t be covered.
The Connection Between Home Insurance and Personal Liability
Home insurance is one of the most important investments you can make in your home and your property, but it’s not just about protecting your stuff. Home insurance also offers protection from personal liability issues, which is sometimes overlooked.
Personal liability protection is typically included as part of your homeowners insurance coverage, safeguarding you from expensive legal fees or judgments awarded against you as the result of a lawsuit. It can help cover expenses associated with defending a legal lawsuit as well as repair costs or replacement fees if your property caused damage or injury to someone else.
For example, if someone were to slip and fall on your property and file a suit against you, personal liability coverage would help pay to defend you in court and cover legal expenses if you were found liable. Without this type of coverage, you could be held personally responsible for any damages incurred. Likewise, if your pet were to cause an injury or damage to someone else on your property, your personal liability coverage would kick in to help cover the costs associated with the incident.
It’s important to review your policy to make sure that you have enough coverage. A good rule of thumb is to purchase coverage that is at least equal to your total assets, including your home and all other assets you have. The last thing you want to do is find yourself in a position where you’re personally liable for a lawsuit that your insurance doesn’t cover.
Homeowners insurance is an important and necessary part of protecting your home and your assets, but personal liability coverage is an often-overlooked aspect of it. Be sure to review your coverage and make sure that you are properly protected from unexpected lawsuits or claims.