If you’re a homeowner in Silver Spring, MD, you may be wondering how to maximize the protection of your home and personal belongings. Even if you have traditional home insurance, it’s important to keep in mind that homeowners insurance does not cover all incidents or natural disasters. At Renee Oliver Insurance Agency, we can help you better understand which policies are right for you based on the level of protection you’re seeking for your investment.

Common Home Insurance Exclusions

Standard home insurance for those in Silver Spring does not typically include and cover the following:

• Flood damage: Floodwater and damage typically require a separate flood insurance policy, which can be purchased separately.
• Earthquake damage: Earthquakes and landslides are commonly excluded when selecting a traditional homeowner insurance policy.
• Pests: Pest damage from rodents, ants, and termites may be considered a maintenance issue and may require a different add-on.
• Drain backups and/or sewer: Coverage may require an additional endorsement. Consider where you’re located when thinking of add-on policies that are ideal for your home’s location.
• High-value items: In some instances, certain high-value belongings, such as jewelry, art, collectibles, and other relevant property may have special coverage limits.
• Business property: If you have inventory or equipment that you use for business, such as a home-based business, you may require specialized insurance to help with the coverage you need.

Knowing which exclusions are most common for homeowners in Silver Spring, MD, with traditional home insurance, is key as an investor or owner yourself. When you’re aware of which incidents are excluded, it’s much easier to find additional policies and/or endorsements that are right for you. If you’re interested in learning more about your home insurance policy, or you want to enhance coverage, contact Renee Oliver Insurance Agency today.