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A study by the National Association of Insurance Commissioners revealed that many homeowners think the standard insurance policy covers more than it does. Among their mistakes:
- 33 percent of homeowners believe that flood damage is covered.
- 68 percent think vehicles such as cars, boats and motorcycles stolen from or damaged on their property are covered.
- 51 percent think damages from a break in the water line on their property supplying water to their home are covered.
- 37 percent think damages due to a break in the sewer line on their property that connects to their municipal sewer system are covered.
- 35 percent think damages from earthquakes are covered.
- 34 percent think damages from mold are covered.
- 31 percent think damages from termites or other infestation are covered.
- 22 percent think pets stolen from or injured on their property are covered.
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Filed under: General Tagged: | cars, flood, homeowners, homeowners insurance, insurance, sewage
