Homeowners’ insurance comes in different categories. Some will cover ten perils, while others may cover 13 or 16. Basic policies normally only cover 10 to 13. Comprehensive homeowners’ policies cover all 16 of the known perils. Earthquakes, floods, and hurricanes are not listed in this list of perils because each one has its own supplemental rider that must be purchased separately. Here’s an overview of the perils typically covered by home insurance providers.
Fire or Lightning
Lightning can spark a fire or cause other types of electrical damage. Fires can be caused by many different things, including shorts in electrical wiring and grease from cooking. Fireworks during the summer are also a risk.
Strong winds and hail are common during tornadoes and powerful storms. Strong winds and hailstorms can damage roofs and siding. Additionally, hail can also damage windows and put holes in siding. It can also break windows in your car.
Explosions are often caused by gas leaks either inside or outside of your home. This can involve any gas-powered appliance in your home, including the HVAC system, cooking stove, and water heater. Explosions can also be caused by chemical reactions in the garage or utility room.
Riots and civil unrest can cause millions of dollars in damages. There are ways you can keep people from damaging your property. However, if things get out of hand, it can be difficult for the police to maintain control.
Damage Due to Aircraft
Damage caused by falling parts of an aircraft may seem like a once-in-a-lifetime event, but there is actually a risk to it. This isn’t always isolated to properties that are located near airports either. It can happen almost anywhere.
Damage Due to Vehicles
Damage caused by vehicles is also covered. If a driver loses control of their vehicle and it ends up taking out part of your fence or hits a part of your home, the damages will be covered.
Smoke is a side effect of fire. If a neighbor’s home burns to the ground, the smoke it puts off can infiltrate your home and damage your property. It can cause discolorations and strong odors that are extremely hard to eliminate.
Spray painting and damage caused by vandals are often referred to as malicious mischief. While the damage isn’t extensive, it can be costly to clean up. It is a criminal act in many states, and charges can be filed against the vandal.
Theft of your property is also a covered peril. It will even cover items stolen from hotels while you are on vacation.
Another peril is a volcanic eruption. Volcanic ash can find its way thousands of miles in any direction, causing damage to your home or other property. A volcanic eruption is not a common occurrence, but it can happen in areas where volcanic activity has occurred in the past.
If you want to learn more about the different types of homeowners’ insurance, you need to contact the professionals. Call our insurance experts at the Young Insurance today to find out more. We can help you find the perfect policy for your home. With our years of experience, we can identify your risks and provide you with sufficient coverage.