What Perils are Typically Not Covered Under Homeowners?

Your standard homeowner’s policy will have a list of covered perils and exclusions that you must be aware of. This helps you prepare for contingencies you may face, and you can speak to one of our qualified Mid Atlantic Insurance Financial representatives for specific details. 

There is no legal requirement in Laurel, MD to obtain a homeowners policy, but your lender will usually require it for the duration you hold a balance. 

Flooding is not covered under homeowners insurance, and you will need a specific, dedicated flood insurance policy to cover this peril. Flooding is typically defined as water that has touched the ground before entering your residence. This means that rainwater, for example, that could affect property from a heavy storm through a leaky roof might be covered or broken pipes that burst and cause water damage. 

Earthquake is another event for which homeowners typically do not apply, though it can often be purchased as an add-on or endorsement. Sinkholes and other situations determined to be movement of earth are also usually not provided for under your homeowner’s policy. 

Mudflow is a type of occurrence that falls under flood insurance, and overflowing sump pumps will also likely be excluded from homeowners’ coverage. Sewage systems or drainage that produces groundswells that inundate your property must also be covered through flood insurance or a special endorsement. 

Failure to maintain your home may result in needed repairs that homeowners will not pay for, including infestations from pests or termites. Smoke damage due to agricultural operations also falls outside your standard peril. 

We Can Be of Assistance to Homeowners Looking for Insurance

Mid Atlantic Insurance Financial takes pleasure in assisting the residents of Laurel, MD, and the surrounding environs with their insurance needs. We welcome you to reach out to us for more information.