Do you know where your home insurance stops?

Your homeowners insurance policy is there to protect your house and belongings in the event of a disaster or accident. However, homeowners are often surprised (not to mention heartbroken) to learn that certain items are excluded from coverage when filing a claim with their insurance.

What if we told you that your grand piano, great grandmother’s wedding ring, and First-Edition painting were excluded from coverage? Every policy has its limits, but when are items excluded completely from coverage?

Ask your insurance agent if these are included in your homeowners insurance policy!

Businesses Matters: Typically, home insurance only covers minor losses, such as damage of theft of home office equipment. To guarantee adequate coverage, a separate business insurance policy is recommended.

Motorized Equipment: Do you thrive on your motorcycle or in your RV? For liability purposes, these items are not typically covered under homeowners policies. As soon as recreational equipment is off your property, you and your vehicle are vulnerable. Find out how to secure your motorcycle, RV, and boat insurance.

Natural Disasters: While most natural disasters (tornadoes and hailstorms) are covered by homeowners policies, damages caused by floods or earthquakes are not usually covered. Separate policies must be purchased for this type of coverage! The aftermath of floods and earthquakes can be devastating, so it’s important to protect your home and belongings.

Musical Instruments: Like many other high-value items, musical instruments fall under a theft loss limitation for home insurance purposes and require a separate rider or policy to guarantee full replacement cost.

High-Value Jewelry: Your expensive jewelry may exceed your homeowners insurance limit. If your diamond rings and precious stone jewelry are of high value, they may need a separate policy or added rider for their protection.

Are your valuables protected within your homeowners insurance policy? Talk to a professional at Martplan Insurance Agency to secure the right level of coverage for your belongings, or visit us at our La Habra, Murrieta, and El Monte offices in California.