18 Things You Didn’t Know Are Covered by Homeowners Insurance

Most people know that they are covered by homeowners insurance in the case of theft and vandalism but did you know that that includes jewelry, art and other similar valuables? That’s right: it’s not just furniture that’s covered by a homeowner’s policy. It’s pretty much everything inside your home. You’re also protected in the case of property damage and damage caused by a fire or smoke, hail or windstorm (but not falling objects like trees). These are the types of claims that are made most often with homeowners insurance, but there is a whole host of other situations in which policyholders are covered but didn’t know it.

Here’s our top 18 list of things you didn’t know are covered by homeowners insurance. And aren’t you glad that they are?

  1. Spoiled food. Not only will homeowners insurance cover the cost of a broken-down fridge, but it may also cover the cost of the food inside too. If you lose power for an extended period of time and your fridge was packed with expensive food items that all went to waste, you may be covered up to $500.
  2. Fake money. That’s right. You’re covered for up to $500 of your loss if you unknowingly accept counterfeit U.S. or Canadian money.
  3. Your phone. Some home insurance policies cover cell phones, so check with yours before buying a separate one for your mobile. Ask your insurance agent or carrier if they also have a personal possessions coverage that applies outside your home. You may even be able to get coverage for other equipment, like your iPad and camera too. Coverage is usually less when you are away from home, however.
  4. New locks. If you lose or misplace your keys, you may be covered for installing new locks.
  5. Any explosions that cause damage to your home are usually covered by homeowners’ insurance.
  6. Family gravesite. Whether the family’s grave is at the home or away from the policyholder’s site, it is covered in the case of vandalism for up to $5,000.
  7. Got a kid in college who was burgled? Guess what, chances are they have some coverage under your homeowner’s policy for their stuff, including expensive textbooks.
  8. Naughty kids. If your child throws a ball and accidentally breaks a window, you’re covered, as long as he is younger than 13 years of age.
  9. Red wine accidents. If you opt for Accidental Damage coverage, you may be covered for a professional cleaning after spilling on your white carpet.
  10. Lightning strike. Yes, this occurrence can sometimes cause major damage, even a fire, but you’re covered, so relax.
  11. The whole set. Let’s say you had a china set and only a few plates were stolen, you will be reimbursed for the entire set so you don’t have to go on with a few missing when you entertain. Same goes for pairs of items, like candlesticks, for instance. You will be reimbursed for the pair if only one gets stolen.
  12. Volcano eruptions. If you live near one and it erupts and you survive, you will be covered for the damage to your home.
  13. You are covered for damages to your neighbors if say, a certain tree on your property fell on their car. Or, say someone trips over a crack in the concrete on your sidewalk: you’re liable but home insurance will cover medical expenses and legal fees. The liability policy may also pay for lost wages due to these incidents and even funeral expenses in case of a fatal accident.
  14. Bad dog. The same goes for a dog bite. If it was your pet that caused harmed, your home insurance will protect you. Some breeds of dog may make you ineligible for coverage, however.
  15. Your bike. There’s an Off-Premises type of coverage that you can opt to buy, which will protect your personal property for up to 3,000 miles from your home. It’s a good idea if you own a bike, which will be replaced if it’s stolen.
  16. Your lost luggage. Everyone’s worst nightmare, right? Well, just as your bike is personal property that leaves your home with you, so is your luggage filled with clothes and whatever other personal items. Again, this falls under the Off-Premises coverage.
  17. Blimps, helicopters and space shuttles. Yes, if one lands on your roof and you live, you will be covered for housing and food while you find a new home.
  18. Yep, your home is covered if one falls from the sky. You’ll be able to rebuild your home from the foundation up if this were to happen. It’s unlikely, but you never know; it could happen!

The information in this article was obtained from various sources. This content is offered for educational purposes only and does not represent contractual agreements, nor is it intended to replace manuals or instructions provided by the manufacturer or the advice of a qualified professional. The definitions, terms and coverage in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.

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