Structure of Home
'Structure of home coverage' is the part of your home owner insurance policy that takes care of costs to repair or rebuild the structure of your home should it be damaged or destroyed by a disaster or emergency that is covered by your policy. It also includes any damage to other 'outbuildings' or free standing buildings also on your property like sheds or garages.
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One important thing to notice when reviewing this part of your home owner policy is the limits for cost of damages to the structure of your home. Is it enough to rebuild your home entirely should the worst happen? It is imperative that you purchase enough coverage to take care of these costs, should you need it. If your basic policy has a limit that is too low, buy extra coverage to make up the difference.
Another thing to consider is the state of your home when you purchase your insurance. If the structure of your home is unsound or if it has been built poorly and you have problems and damages due to this original error, chances are, your home owner insurance won't cover the cost to fix it. Take care that your house is in solid condition before you purchase your insurance with precautions like:
- Anchor the foundation to the structure of your home with steel plates or bolts.
- Use sheathing to reinforce the inside of the cripple wall.
- Brace anything that can be further reinforced including the foundation, masonry work, walls, and chimneys.
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What Structure of Home Insurance Does Not Cover
Remember, too, that mold damage will not be covered, even if caused by an incident that is covered by your insurance policy. For example, if your pipes break, your insurance will pay to have them fixed. If mold shows up in six months or a year because the pipes broke, your insurance company will not pay to take care of that.
The same goes for termites. Because insurance covers unexpected loss and damage, termites are not included. This falls under the category of neglect, or wear and tear problems that happen to all houses if they are not taken care of properly.
The disasters that are usually covered under the structure of home aspect of your insurance include things like riot or vandalism, fire, and water damage due to broken pipes or heating and air conditioning systems. Most home owner policies will not cover the cost of damage to the structure of your home caused by floods, terrorist attacks, or nuclear disasters.
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Home Insurance Basics is not an insurer and cannot issue home insurance policies. This site provides free information about home insurance policies and companies. The companies detailed have not endorsed or sponsored these pages. Products and services may not be available in all states.
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