What risks are covered by home insurance?

The danger is an event like fire or theft that can damage your home or property. The risks covered by your home insurance are listed in your policy.

The list of setbacks from which you are protected (“dangers” in the industry) is quite long. Here is an overview of what, according to the Insurance Information Institute, is one of the most common dangers covered by a typical homeowner's insurance policy:

  • Fire and smoke
  • Lightning
  • Storms and hailstorms
  • explosion
  • Vandalism and malicious nonsense
  • Damage to an airplane, car or vehicle
  • steel
  • Falling objects
  • Weight of ice, snow or sleet
  • Water damage

Check your home insurance for the dangers it covers.

FIRE AND SMOKE

A house, objects, and structures such as a garage or shed are generally covered by damage from fire (including damage from smoke). If the condition of the home requires residents to live elsewhere for a period of time, there is usually also a policy to reimburse these costs.

THE CASE OF LIGHTNING

Lightning damage is generally covered by home insurance. Certain directives also extend this protection to overvoltages which occur following a strike and cover damaged electronic components, for example.

Wind and hailstorms

Wind damage, even from a tornado, is usually a covered hazard. Protection also usually includes damage caused by hail or rain or wind-blown snow that occurs after a house has been damaged by a storm. However, please read their exclusion guidelines.

EXPLOSION

Whether it's an aerosol can or a propane grill, it's never good for something to explode in or around a house. Damage caused by such explosions is generally covered by the owner's insurance.

VANDALISM AND MALICIOUS ERROR

Home insurance generally covers damage resulting from such actions. This includes repairing or rebuilding your home or replacing your property if it has been damaged by the event.

DAMAGE TO AN AIRPLANE, A CAR OR A VEHICLE

It may not be often that a plane or a car hits a house, but when it does, the pictures can be quite dramatic. The good news is that most homeowner's guidelines help repair damage resulting from such an event.

STEEL

If an intruder breaks a window or door to access your home, the damage is likely to be covered by insurance. Items that are actually stolen are also generally protected by personal property coverage which is part of most home insurance policies. However, you should know that most policies have restrictions on the payment of certain types of personal property. You may be able to purchase additional coverage for these items.

FALL OF OBJECTS

If your home is damaged by a falling object, be it a meteorite or a healthy tree that collapses during a storm, home insurance can help pay for the damage.

WEIGHT OF ICE, SNOW OR AVOCADO

If the weight of heavy, wet snow or ice causes your roof to collapse, you will find that your landlord's insurance generally helps to cover damage to your home and interior.

WATER DAMAGE

Most homeowner's guidelines cover damage from broken pipes or water heaters if the cause occurs suddenly and accidentally (but no damage to pipes or water heaters if they explode due to defects or wear ). If your water heater explodes and dries your drywall, it is likely to be protected from water damage. Water damage from a flood requires separate flood insurance. Damage caused by sewer or drains reserve water or by the overflow of a sump pump usually requires an optional additional coverage.

Home insurance can help cover damage resulting from a series of incidents, but it will likely include a list of scenarios that are not covered. Also, keep in mind that coverage limits and deductibles apply. Find out the details of your coverage by checking your policies or calling your agent if you have any questions.