If you own a house, having a good insurance nearby is a critical step to securing your investment. It is very necessary if you have a mortgage. But having home insurance does not mean you are covered against all problems or unforseen circumstances. Many home owners do acquire home insurance but do not know specifically what the insurance covers on their property. Chris Hackett who works for The property Casualty Insurers Association of America said many homeowners buy a policy without reading through it. It is quite important to know exactly what you will be covered with the purchased policy. Here are five things home insurance might not cover
JEWELRY /FINE ART
Standard insurance policies have limit to how much it will cover when there are damages to things like jewelries and other expensive collectibles. According to Sebastian Naturski of Your Diamond Teacher, the best way things like this can be protected is if you get a separate insurance for them which will specify what exactly the items are.
DANGEROUS OR AGGRESSIVE DOGS
Dogs that are known to be aggressive or dangerous are not usually included in the insurance policy. Some insurance companies blacklist some breeds that are known for inflicting several injuries. Examples of such dogs are Rottweiler’s, pit bulls. And if your dog is not aggressive but has bitten someone before, such dog will not be covered. Many insurance companies look at aggression history of dogs. All dogs are not treated equally; some insurers will not cover injuries caused by certain high risk breeds.
The same thing might be applicable to wildlife or rodent infestation as well. In a recent conversation with Brendan Mangnitz, an entomologist and expert rat control, he said nuisance wildlife in your attic can create problems many homeowners never think of and some damages that might not be covered in their home insurance policy.