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What
type of disasters are covered?
Most
homeowners policies cover all disasters listed below. Some
policies provide coverage only for the first 10 listed. Check your
insurance policies for the "perils" covered.
|
Dwelling & personal property |
Dwelling |
Personal
property
|
Dwelling & personal property |
| Perils |
Basic
HO-1*+ |
Broad
HO-2* |
Special
HO-3* |
Special
HO-3 |
Renters
HO-4 |
Condo/
Co-op HO-6 |
Modified
Coverage HO-8
|
| 1. Fire or lightning |
x |
x |
x |
x |
x |
x |
x |
| 2. Windstorm or hail |
x |
x |
x |
x |
x |
x |
x |
| 3. Explosion |
x |
x |
x |
x |
x |
x |
x |
| 4. Riot or civil commotion |
x |
x |
x |
x |
x |
x |
x |
| 5. Damage caused by aircraft |
x |
x |
x |
x |
x |
x |
x |
| 6. Damage caused by vehicles |
x |
x |
x |
x |
x |
x |
x |
| 7. Smoke |
x |
x |
x |
x |
x |
x |
x |
| 8. Vandalism or malicious mischief |
x |
x |
x |
x |
x |
x |
x |
| 9. Theft |
x |
x |
x |
x |
x |
x |
x |
| 10. Volcanic eruption |
x |
x |
x |
x |
x |
x |
x |
| 11. Falling object |
|
x |
x |
x |
x |
x |
|
| 12. Weight of ice, snow or sleet |
|
x |
x |
x |
x |
x |
|
| 13. Accidental discharge or overflow
of water or steam from within a plumbing, heating, air conditioning, or
automatic fire-protective sprinkler system, or from a household appliance. |
|
x |
x |
x |
x |
x |
|
| 14. Sudden and accidental tearing apart,
cracking, burning, or bulging of a steam or hot water heating system, an air
conditioning or automatic fire-protective system. |
|
x |
x |
x |
x |
x |
|
| 15. Freezing of a plumbing, heating,
air conditioning or automatic, fire-protective sprinkler system, or of
a household appliance. |
|
x |
x |
x |
x |
x |
|
| 16. Sudden and accidental damage from
artificially generated electrical current (does not include loss to a
tube, transistor or similar electronic component) |
|
x |
x |
x |
x |
x |
|
| All perils except flood, earthquake, war,
nuclear accident, landslide, mudslide, sinkhole and others specified in your
policy. Check your policy for a complete list of perils excluded. |
|
|
x |
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* HO-1, HO-2 and
HO-3 refer to standard Homeowners Policies.
+HO-1 has been
discontinued in most states.
|
Disasters not covered
-
Floods.
You can purchase this coverage directly from your homeowners
insurance agent. However, the policy is provided by the Federal
Flood Insurance Program ( 800-427-4661, http://www.fema.gov/nfip
).
You can get replacement cost coverage for the structure of your
home, but only actual cash value coverage is available for your
possessions. There may also be limits on coverage for furniture
and other possessions stored in your basement.
Flood insurance is available for renters as well as homeowners.
You will need flood insurance if you live in a designated flood
zone. But also consider buying it if your house could be flooded
by melting snow, an overflowing creek or water running down a
steep hill. Don’t wait until the evening news announces a
flood season warning to buy a policy. There is a 30-day waiting
period before coverage takes effect.
-
Earthquakes.
This coverage can be a separate policy or an endorsement to your
homeowners or renters policy. It available from most insurance
companies. In California, it is also available from the
California Earthquake Authority ( http://www.cea.gov
). In earthquake prone states like California, the policy comes
with a high deductible.
-
Maintenance damage.
It is your responsibility to take reasonable precautions to
protect your home from damage. Your insurance policy will not
cover damage due to lack of maintenance, mold, termite
infestation and infestation from other pests.
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