What's covered and not covered under homeowner insurance? (2024)

What's covered

Homeowner insurance is divided into two parts:property protection and liability protection. You should also be aware of typical exclusions.

Part 1: Home insurance property protection

• Dwelling
• Other structures
• Personal property
• Loss of use or additional living expenses
• Additional coverages

Part 2: Home insurance liability protection

• Medical payments
• Liability
• Personal liability

What's not covered

Don't be surprised: There are several major risks that a standard homeowner policy does not cover. If you face these risks, you should strongly consider buying additional coverage.

• Earthquake insurance-This coverage provides for repair or replacement of your home due to an earthquake.
• Flood insurance-You'll need flood insurance to cover you against floods, flood-related erosion, abnormal tidal surges and mud flow.
• Homeowner insurance and landslides-Homeowner policies usually don't cover damage due to land movement or landslides.
• Homeowner insurance and mold-Some companies will allow you to buy additional coverage for mold.
• Volcano coverage for your home and auto- Not all damage caused by a volcanic eruption is covered under your homeowner policy - you may need more coverage.

Other common things your basic policy doesn't cover

• Wear and tear, deterioration
• Maintenance issues, including slow water leaks
• Damage due to animals or rodents
• Foundation settling and cracking
• Additional things not covered by a standard policy