Four Disasters Your Homeowners’ Insurance in Newark, DE, Doesn’t Cover

Insurance gives you peace of mind, but it isn’t a panacea for all of life’s disasters. When you’re shopping for homeowners’ insurance in Newark, DE, make sure you understand exactly what each policy covers – and what it doesn’t cover. While every plan is different, here are four disasters that typically aren’t covered by homeowners’ policies.

Damage Caused by Poor Maintenance

As a homeowner, maintaining your home is your responsibility. If a problem occurs at your property that could have been prevented by doing your due diligence, your insurance likely won’t pay out. Some common examples of this include pest and mold infestations, water leaks, and roof problems.

Floods

Research indicates that Delaware ranks worst in the nation for future flood risk. Since it’s such a problem in our state, many residents are dismayed to realize that homeowners’ insurance usually doesn’t cover flooding. To be safe, you should take out a separate policy for flood insurance.

Earth Movements

Most policies won’t pay out if earthquakes, landslides, and sinkholes damage your home. Like flooding, separate policies exist to protect against these natural disasters.

Sewer Backups

One disaster that often takes homeowners by surprise is sewer backups. While you may consider your sewer system as part of your property, your homeowners’ insurance most likely doesn’t extend coverage to it. Do your research to find out for sure what is and isn’t covered.