One of the most common misconceptions about insurance is that your home insurance policy covers everything you might encounter. This is far from the truth. As a resident of Cloquet, MN, you likely face various risks. Brittany Olson Insurance Agency LLC can help you understand what your standard policy covers and what steps you can take to thoroughly protect your home.

Common Standard Policy Exclusions

Standard home insurance policies often exclude coverage for natural disasters such as floods, earthquakes, landslides, and sinkholes. Another area of confusion involves repairs. Gradual deterioration of your home due to age, lack of maintenance, or regular use is your responsibility. Insurance companies typically won’t pay for repairs unless your home sustains damage from a severe storm. Additionally, poor workmanship resulting in damage is not covered. However, when you have repairs like roof work done, the company performing the work usually provides a warranty for labor and materials.

Other standard exclusions include:

• Pest and rodent infestations
• Toxic mold and wet rot
• Intentional damage
• Bites and injuries from certain dog breeds
• Power surges
• Sewer backups
• War and nuclear hazards
• Government actions
• Home-based business liability

How to Protect Your Home

There are several ways to protect your home from these hazards. Consider adding provisions to your policy for sewer backups and certain types of floods. You can also purchase a separate flood insurance policy. Endorsements for mold, wet rot, and pest infestations may be available as add-ons; however, it’s essential to review how these riders work carefully. Umbrella insurance can provide liability protection for injuries caused by specific dog breeds, though it won’t cover intentional damage to your home.

Brittany Olson Insurance Agency LLC, serving Cloquet, MN, can help you create a customized insurance plan to protect your home thoroughly. Call our office today to get started.