17 Jan 2019
Which Natural Disasters are Covered by Your Home Insurance?

Find out what your homeowners policy covers.

As a homeowner, you rely on your insurance to protect you in the face of major disaster events. However, you may not know exactly what your policy covers. To help you get a better idea of your homeowners insurance, here’s what your policy will and will not cover in regard to natural disasters.

Covered Disasters

When you secure homeowners insurance, there are actually different types of policies out there. If you have the HO-2 (broad policy) form of insurance, you will have coverage for the following sixteen types of disaster and damage events:

  1. Lightning or Fire
  2. Hail or Windstorm
  3. Explosions
  4. Damage caused by an aircraft
  5. Theft
  6. Riots or civil disturbances
  7. Smoke damage
  8. Damage caused by vehicles
  9. Vandalism
  10. Falling objects
  11. Volcanic eruption
  12. Pipe freezing
  13. Damage from the weight of snow and ice
  14. Water damage from plumbing, heating, or air conditioning
  15. Water heater cracking, tearing, and burning
  16. Damage from electrical currents

If you have the more common HO-3 (special policy) form of homeowners insurance, your policy actually offers you even more coverage. While an HO-2 policy specifically lists which disasters you are covered for, HO-3 policies take the opposite approach. These policies offer coverage for all disasters and damage events unless they are specifically named and excluded in your policy.

Coverage Exclusions

This begs the question: which types of disasters are typically excluded from homeowners insurance coverage? Well, almost every standard home insurance policy will exclude coverage for earthquakes and flooding. The only way to secure coverage for these specific disasters is by securing a specialty earthquake or flood insurance policy.

This is what you can expect your homeowners insurance to cover when it comes to natural disasters. Do you have additional questions regarding your home’s coverage? If so, contact the experts at Patterson & Associates in Richardson, Texas. Our dedicated team is eager to assist you with all your insurance needs today.