Most homeowners hope they’ll never need to file a home insurance claim. But when disaster strikes, many assume their policy automatically covers everything inside their home. Unfortunately, that’s not always the case.
A standard home insurance policy includes exclusions and limitations that can leave you with unexpected gaps in protection.
What Are Exclusions?
Exclusions are items not covered at all under your home insurance policy. While every insurer is different, common exclusions may include:
- China, glassware, or fragile collectibles
- Fine art or antiques
- Silverware or specialty collections
What Are Limitations?
Some items may be covered, but only up to a set dollar amount that may not match their true value. This can apply to:
- Sporting equipment (bicycles, kayaks, golf carts, etc.)
- Jewelry, watches, and furs
- Wine or specialty collections
- Electronic data and computer software
- Outdoor features like landscaping, decks, pools, or hot tubs
Why It Matters
Imagine losing cherished possessions to a burglary, fire, or flood—only to learn afterward that many items weren’t covered or were undervalued in your policy. These surprises can be avoided by reviewing your policy and understanding its limits.
What You Can Do
- Review and document the contents of your home.
- Compare the replacement value of your belongings with your current coverage.
- Talk with your insurance professional about riders or additional coverage to protect valuables.
At Gibb Insurance Brokers, our team can help you close the gaps in your coverage and give you confidence that your most important possessions are protected. Call us today for a policy review at 519-736-8228.