MarketWatch published an article earlier this week about the various exceptions in a homeowner insurance policy that I believe is worth taking a look at. The crux of the article is that you must understand your homeowner’s insurance policy before an unfortunate event and that you need to be aware that it’s not all-encompassing.
For example, your jewelry coverage is limited to $1,000 and you’ll need a jewelry rider in order to get higher coverage. Typical exclusions include earthquakes, floods, neglect, war and nuclear attacks as well. Unfortunately, oftentimes policyholders find out about these exclusions after they experience one of the excluded events.
via MarketWatch.
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