Homowners Insurance Gaps
Natural (and Unnatural) Hazards
Standard homeowners insurance does not cover damage caused by floods and earthquakes. For those, you will likely need a separate policy. Standard insurance also usually excludes damage caused by war, nuclear hazards, mold, termites, rats, neglect, drain backups, tidal waves, and water seepage. (“Insurance typically covers water falling down but not coming up,” says AAA agent Michelle Chatwin of Clearfield, Utah.)
Insurance covers damage caused by fire, wind, and hail, but it does not normally pay for damage that results from wear and tear. So if rain leaks through an aging roof, your policy might cover water damage in the house but not the cost of fixing the roof; if hail damaged the roof, that damage could be covered.
Homeowners policies don’t usually cover the portion of the sewer line that runs from your home to the street; that stretch is most often your responsibility. Some companies offer policies that cover those costs; check with your city as well as your agent.