What hazards are not covered by home insurance

Gurnee, IL has all of the charms of the village that it is but it has a fantastic location in the greater Chicago metropolitan area. It is fast-growing and has lots of homes to choose from at any given time. When you have a mortgage, home insurance is required by your bank. They want to protect your home since they own a large piece of it. But for you, this is probably the largest investment you will ever make and you want to make sure it is safe as well. At Statewide Insurance Solutions we believe that you deserve the best customer service and insurance products available and we will work with you to provide that.

Not everything hazard, however, is covered by home insurance. 

Flood Floods cause more damage in the United States than any other weather event. They cause billions of dollars in damage. They can come at any time of year and sometimes without warning and they are not covered under a traditional home insurance policy. Having said that, you can purchase flood insurance as a separate insurance policy through the National Flood Insurance Program. 

Earthquakes While earthquakes are not something that affects people in every part of the United States, for some people it is a very real danger and it is not covered by home insurance. As a matter of fact, most types of earth movements are not covered including mudslides and sinkholes. They can usually be covered on the special policy. 

Hurricanes are covered on some home policies but if you happen to live in an area that is prone to hurricanes it may be excluded on your policy. You can, however, add an endorsement to include coverage. 

These are just some of the things that are not covered by home insurance. Read your policy carefully to understand the exclusions. You can talk to the agents at  Statewide Insurance Solutions in Gurnee, IL to make sure you understand what is and isn’t covered. Give us a call to set up an appointment.