Exclusions in Property Insurance Policies

The rain continues in the northeast! The stories are all over the news about the low percentage of businesses and homeowners who have flood insurance. Here are the perils commonly excluded by property insurance:

Earthquake / Landslide
Damage Caused By Insects & Animals
Rain Without Damage To The Building First
Mold, Fungus, Etc.
Defective Construction

Talk with your insurance adviser about your insurance. Show her this list. Ask what is excluded from your policies.

Business owners, if the cause of the damage isn’t covered by your property insurance you also have no coverage for the resulting loss of business income.