Most maintenance related problems are the homeowners’ responsibility.Ī standard homeowners insurance policy includes four essential types of coverage. Earthquake coverage is available either in the form of an endorsement or as a separate policy. Flood coverage is provided by the federal government’s National Flood Insurance Program, although it is purchased from an insurance agent. Standard homeowners policies do not cover flooding, earthquakes or poor maintenance. This includes damage caused by household pets.ĭamage caused by most disasters is covered but there are exceptions.
This means that it covers both damage to property and liability or legal responsibility for any injuries and property damage policyholders or their families cause to other people. Homeowners insurance is a package policy.
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