PDF《Insuring Your Home》

3 Most homeowner'

s policies also do NOT provide coverage for: ? Damage caused by normal wear and tear. ? Loss of animals, birds or fish. ? Damage from Sewer Backup or Sump Pump Overflow. Limited coverage may be available separately as an endorsement which is usually limited to $5,000. ? Damages resulting from war, nuclear hazard, neglect, earth movement (earthquake), or power failure from an off premise source, such as a downed power line. ? Additional cost of repairs due to changes in building codes or local laws enacted since the home was built. Some coverage may be available as an added endorsement. ? Home based business. Most homeowner policies only provide limited coverage for business related property and do not provide liability coverage for a home based business or business interruption coverage. ? Watercraft. If you own a boat, you should ask your agent or insurer if it is covered. Some policies will cover small motorboats and sailboats, but not larger ones. ? Oil tank liability. Coverage may not be provided to clean up fuel oil or other pollutants from your property (1st party coverage) or from neighboring property (3rd party coverage). Some policies provide the option to purchase 1st party or 3rd party coverage, or both. If you have an active or even inactive fuel tank on your property, you may want this coverage. Shopping for Homeowners Insurance Not all insurance companies offer the same products and different companies charge different rates or offer different levels of customer service. So it pays to shop around to find the best company for your needs. Some companies sell insurance directly to applicants. These companies are called direct writers. You can contact them by phone or often via the internet to apply for coverage. Other companies offer insurance through insurance agents, also called insurance producers. Exclusive agents write for only one company ........