The common thought behind homeowner’s insurance is that is protects everything in and around your home. However, more and more Florida home insurance companies are choosing not to include certain risks that most homeowners assume are covered. Here are the top five things that your insurance may not cover.
Most insurance companies in Florida and throughout the nation will provide coverage for trampolines, and in many cases, owning one could prevent you from getting home insurance. Trampoline related injuries have climbed to nearly 95,000 incidents per year that resulted in injuries requiring medical treatment. As a result, insurance companies are no longer providing coverage. Oh yeah, don’t think you can lie about owning one either – if your insurance company finds out they can deny all coverage, or cancel your policy.
Swimming pools are one of the most popular additions to Florida homes, but if they are not fenced, you will not be covered. Additionally, unfenced pools are also against state law, so it is best to not tempt fate. Unprotected pools can result in death, which is worse than any possible financial obligations a fence will require.
If you own certain breeds of dogs, such as pit bulls, your Florida homeowner’s policy will not provide liability coverage for accidents and bites involving your pet. Some insurance companies do add liability coverage for dog bites automatically, but it generally depends on the breed of dog that you own. If your dog, regardless of breed, ever ends up biting someone, you may have to pay higher premiums, or the insurer can choose not to provide coverage at all.
Insurance coverage will not cover damages that result due to faulty or defective building materials or workmanship. This means that if your house catches on fire due to an electrical wiring issue, your home may not be covered. It would be up to you to take it up with the building company’s liability insurance to get the losses covered.
Another issue that can arise is if you had repairs done to your home after a severe storm or hurricane, and the same damage occurs again. Many Florida home insurance companies will deny the second claim, citing that the damage was already existing, or due to wear and tear.
Jewelry, Collectibles, and Art
If you own expensive jewelry or art pieces, these will not be covered under your normal insurance policy. Instead, you will have to purchase additional policies, called riders, to protect these valuables from theft or loss.
The only way to truly know what your home insurance policy does not cover is to thoroughly read all exclusions that are provided with the policy information. If anything is unclear, or you are not sure if something is covered, make sure to ask before signing any paperwork. Once it is signed, you may be locked into that policy, even if it does not provide all of the coverages you need. Visit this website to learn more.