Insurance policies often come laden with jargon and fine print, making it a Herculean task to discern precisely what is covered and what isn’t. As we delve into the intricacies of various insurance coverages, some scenarios might surprise you by falling squarely within the bounds of coverage, while others, seemingly straightforward, might not be covered at all. This distinction becomes particularly poignant when considering incidents like rain and hail damage; while the former typically falls under coverage, the act of deliberately driving into a flood might void it altogether. Herein, we aim to shed light on five surprising scenarios covered by insurance and five unexpectedly uncovered ones, providing insightful perspectives garnered through comprehensive research.
Surprisingly Covered Scenarios
1. Volcanic Eruptions
While the thought of a volcanic eruption might seem like a plot out of a disaster movie, for those living near active volcanoes, it’s a real risk. Surprisingly, many homeowner’s insurance policies cover damage caused by volcanic eruptions. This includes not just the lava flow but also ash, dust, and particulate matter that can cause significant damage to property.
2. Falling Objects
The idea of objects falling from the sky might seem unlikely, but insurance policies often cover this scenario. This includes natural occurrences like tree branches or man-made items like aircraft parts. If an object falls and damages your property, your insurance policy might just cover the repairs.
3. Strikes and labour disturbances
Workers can come out in the street to demand better pay and working conditions. And some demonstrations can be violent and may cause physical damage to properties. Provided that the policy specifically covers this, you can sleep peacefully while demonstrations are happening in the streets.
4. Riots and Civil Commotion
Damage resulting from riots, vandalism, or civil commotion might not be the first thing you think of when considering insurance coverage, yet many policies provide protection against such occurrences. This coverage can be crucial in tumultuous times, ensuring property damages are covered.
5. Accidental Overflow of Water
Accidents happen, including the accidental overflow of water from household systems. Surprisingly, many insurance policies cover damage from scenarios like a bathtub overflowing, provided it’s accidental and not due to negligence or improper maintenance.
Unexpectedly Uncovered Scenarios
1. Deliberate Acts
As highlighted earlier, deliberately driving into a flood will likely void your coverage. Insurance is designed to protect against unforeseen events, not deliberate or reckless actions. This principle extends beyond automobiles to other forms of insurance as well.
2. Wear and Tear
Normal wear and tear are generally not covered by insurance policies. Insurance is intended for sudden, accidental damage, not for maintenance or the expected deterioration of items over time.
3. Government Action
Damage or loss resulting from government action, including seizure or destruction of property under law, is typically not covered. This can include a wide range of actions, from eminent domain proceedings to destruction ordered for public safety reasons.
4. Nuclear Hazard
In the event of a nuclear incident, most insurance policies exclude coverage for any resulting damage. This scenario is considered too large and complex for standard insurance policies to handle.
5. Pest Infestations
Pest infestations, including termites, rodents, and insects, are generally not covered by standard homeowners’ insurance policies. These are considered maintenance issues, with the expectation that property owners will take preventative measures.
Unlock Your Confidence with Petra Insurance: Navigating Insurance Complexities with Expertise and Ease
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RAMZI GHURANI
Managing Partner