- Date 19 May 2017
- Category Insurance Knowledge Base
For Your Knowledge
As you search for coverage for your home. Shopping for affordable home insurance coverage, you would come across a great number of insurance companies promising to offer you the best coverage and at the most affordable rates. Do you just go along wit their claims? Of course not, you find out for yourself. To do this effectively, you need to be very aware of what insurers call EXCLUSIONS.
Exclusions are actually things you can’t claim against. If you do not read and understand the exclusions section of your policy which of course is not very well advertised, you might think you are very covered only to discover at claim time that this was not the case as the claim you want to make falls under this category.
Exclusions are not fixed which is why with every new insurer, you need to know what their own exclusions are. Here we would look at some common ones.
Some common exclusions include: Environmental Factors, accidental damage by pets, external factors and home vacancy.
These environmental factors are sometimes called acts of God. They include, floods, earthquakes, hurricanes and other natural disasters. These natural disasters are hardly ever covered and living in areas where any of these is frequent would mean you would not easily get very affordable home insurance policies.
If you have household pets, damages caused by them are usually not covered. Also damages arising from the age of the building and or other insured items are not also covered. Before claims on damages are honored, your insurer would want to ascertain that it was not done as a result of carelessness.
A very common exclusion is claims made on vacant properties. If you leave your home vacant for a while say a month without anyone caring for it and something happens, your claims would not be honored as you would be dimmed careless and the cause of the damage.
These are by no means an exhaustive list of possible exclusions so you need to make sure you read and understand the exclusions in a home insurance policy and agree with them before taking out a policy.
You can search extensively online to get the insurer that would offer you the type of coverage you need and at the best rate. The best way to do this is to compare quotes from as many insurers as you can. You can easily do this by going to quotes comparison sites and there you would after filling a form, instantly get quotes from several insurance companies. The more quotes comparison sites you visit, the more quotes you get and the better your chances you have of getting a very affordable home insurance coverage.