You know you need homeowners insurance, right? That protection will help you through those unusual situations so you don’t end up in financial ruin. But there are some strange things that your insurance will (and won’t!) cover that’s also interesting to know about. This is for informational purposes only, and you should always check with your insurance agent to learn more about what your homeowner’s insurance covers.
Did you know that the single most common cause for liability claims on homeowner’s insurance is for pet bites? If your dog, cat, ferret, or bathtub-dwelling alligator bites a neighbor, your insurance should cover his or her medical bills and lost wages. But please don’t put an alligator in your bathtub. Also, there are some breeds that many insurance companies will not insure. Always, be sure to check your policy or ask your agent.
If a meteor drops from the sky and tears a hole in your roof, you’re covered for that roof repair and replacement for the table the meteor landed on. But if you neglect to cover that hole and the next day a torrential downpour ruins your carpet, that has to come out of your own pocket.
Accidents Away from Home
If you’re on the golf course and accidentally hit someone with your backswing, your homeowner’s insurance should cover their medical bills. Same goes for if you run into someone with your grocery cart at the local store. But this shouldn’t give you license to take out your rage on fellow golfers or shoppers.
Mold is a tricky -- and terrifying -- thing for homeowners. If the mold is a result of something your homeowner’s insurance covers, like a burst pipe, cleanup and removal is covered. However, if you have mold because of a leaky living room window that you let leak for years, your negligence makes the cleanup responsibility yours.