Exclusions In Homeowner’s Insurance
What Does Exclusions In Homeowner’s Insurance Mean?
Exclusions in homeowner’s insurance refer to any gaps in coverage under a homeowner’s policy. Certain perils may be excluded from coverage if they are considered too likely to occur or for other reasons determined by the insurer. Regardless of the reason, losses resulting from exclusions in homeowner’s insurance will not be reimbursed by the insurer.
Insuranceopedia Explains Exclusions In Homeowner’s Insurance
A homeowner’s policy can have a wide range of possible exclusions. For example, acts of war, general wear and tear, sudden drops in property value, floods, and damage from nuclear disasters are typically not covered by standard policies. Additionally, certain perils may only be covered under specific conditions; otherwise, they are excluded. Mold, for instance, may or may not be covered depending on the circumstances under which it develops.
