Homeowners insurance provides coverage for your home’s interior and exterior structure, all the structures on your property, and your personal items. Liability coverage is also a part of homeowners insurance. In essence, homeowners insurance is defined as many bundled policies in one, meant to cover a variety of different areas. However, there are certain circumstances that aren’t covered by homeowners’ insurance. The August Vincent Insurance Agency is invested in educating Crystal Lake, IL homeowners about homeowners insurance.
What is homeowners’ insurance?
Homeowners insurance is a collection of different types of coverage that fall under the same umbrella. For example, liability coverage covers damage to other people’s property as well as the injuries of others. Liability coverage is also a benefit of homeowners insurance. If you damage your neighbor’s mailbox or something falls on a guest while visiting your home, liability insurance will pay for medical care and the repair or replacement of your neighbor’s mailbox.
Will homeowners insurance cover my home’s termite damage?
No. Unfortunately, there are circumstances that aren’t covered by homeowners’ insurance. Termite damage is a problem that is not covered by homeowners’ insurance. Termite damage falls under negligence according to most homeowners’ policies. Termite damage is considered a preventable problem. It’s also considered a part of basic house maintenance. As a result, it’s preventable and not covered by homeowners’ insurance. There are other problems that aren’t covered by most homeowners’ insurance policies as well. Rodent damage isn’t covered by many homeowners’ insurance policies either. Although many circumstances are covered by homeowners insurance, there are situations that aren’t covered by homeowners insurance.
If you have questions about homeowners insurance, call us at August Vincent Insurance Agency in Crystal Lake, IL. We’d be happy to answer your questions.
