3 things that home insurance won’t cover

Home insurance, like any other insurance, also has certain exclusions. If you buy one to protect your home in case of theft, natural disasters, among others, you should keep in mind that they usually have certain exclusions that are explained in detail in the policy. These exclusions imply that, in those cases, the insurance will not be activated and you will not be able to use the acquired coverage. Here are the three main cases in which coverage will not be activated:

Modifications to the property

home loan with money cash

Unless the repairs you make are part of those approved by the policy, they will not be covered; that is, provisional repairs will not be covered. Commercial use: If the property you are looking to insure is for commercial use, that is, a store, an office or a place that serves business, this is not the right insurance for you.

Uninhabited property

home loan with money cash

If the insured home has no inhabitants for more than 15 days – the term may vary depending on the insurer) the policy will not be activated. Knowing the exclusions in detail will allow you to be clear about how to make good use of your insurance, know who to turn to, avoid other risk situations, in those cases, the insurance will not be activated and you will not be able to use the acquired coverage like any other insurance, also has certain exclusions. If you buy one to protect your home in case of theft, natural disasters, among others, you should keep in mind that they usually have certain exclusions that are explained in detail in the policy. Here are the three main cases among others. Remember that each insurer has particular conditions, so once you have chosen the right insurance for you, you should consult with the advisor to know the particular conditions of that policy.

If you are looking to compare prices, features and benefits of home insurance, don’t forget that you can use the Andrew Wesders home insurance comparator.

 

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