What Homeowners Insurance Covers When it Comes to These Risks

What your insurance covers when it comes to common risks.

Homeowners know that there are certain risks that are more common than others.  Because these threats are so prevalent, many homeowners assume that their home insurance in Los Angeles, California offers coverage for these perils.  However, there are some limits to this coverage.  Here's what your homeowners insurance covers when it comes to these risks.

• Theft

Homeowners insurance covers theft both inside and outside your home.  However, homeowners insurance will only cover your belongings up to a certain coverage limit.  So, if you have high-value items that exceed these limits, then they will not be covered by your policy.  You can secure additional coverage for valuable items through policy endorsements or by securing specialty policies for specific items.

• Wildfire

All home insurance policies included fire as a covered peril.  This means that you will have coverage for your home and the belongings that are damaged in a wildfire.  However, if you live in an area with a particularly high risk for wildfires, then your insurer might refuse to cover wildfire risks.  Even if your insurer does offer wildfire coverage, this coverage may not be enough.  You can secure additional coverage with fire-specific endorsements and insurance policies.

• Land and Mudslides

Insurance companies categorize land and mudslides as earth movement.  As earth movement damages are excluded from standard home insurance policies, you will not have coverage for these types of natural disasters.  Specialty policies are available for those who live in areas prone to land or mudslides.

• Earthquake and Flood

Standard home insurance policies specifically exclude coverage for earthquakes and floods.  The only way to protect against these natural disasters is by securing a specialty earthquake or flood insurance policy. This is what your home insurance in Los Angeles, California, will cover when it comes to these common perils.  Do you have more questions about your homeowners insurance coverage?  If so, then contact the experts at Fuller Insurance Agency in Southern California today.