Whether you already own a home in Granbury, TX, or are looking to break into the market, there are a lot of things you need to know, and many of them revolve around home insurance. Do you have to have it? What does it cover? What doesn’t it cover?
These are important questions, and to help answer them, All-Tex Insurance has a quick guide for you. As you learn about things that are not typically covered, remember that every policy is unique, and you have to review your specific policy to be certain of any coverage inclusions or limitations.
Home Insurance Exclusions
Flooding and water damage are typically not covered by home insurance. This is why separate flood insurance exists, and it means that a normal home policy will not cover any amount of water damage from flooding.
Keep in mind that this applies to natural sources of water. If a pipe bursts and causes damage that way, many home policies will offer some level of coverage.
Termites, cockroaches, other insects, and even rodents are potential sources of damage and problems that are not usually included in home insurance coverage. The gist is that the homeowner is responsible for controlling pests and therefore responsible for pest-related damage.
Wear and Tear
General wear and tear are also not typically covered. If the house needs a paint job, you’re usually on your own for that. The same applies to all levels of maintenance. You are the homeowner, and thus, you are typically responsible for taking care of the home.
One exception to this might be roofing. Many insurance policies will help cover the cost of a roof replacement if it becomes necessary (like everything else this varies from one policy to the next).
We Are Here To Help!
That should provide you with a better idea of what you can expect from a home insurance policy. But since every policy is unique, it’s always best to talk with an insurance agent to understand exactly what you have and what else is available. For that, you can always contact All-Tex Insurance, serving Granbury, TX.