When buying homeowners insurance, most people expect that they will be protected against losses that they face with their property. After all, the point of buying insurance is so a disaster does not empty a property owner’s bank account and destroy their financial security.
Unfortunately, while home insurance policies cover lots of possible sources of loss — including things like fires and theft — there are some hazards that are not typically covered by a standard policy. And many of these exclusions could come as a big surprise.
In particular, homeowners may be shocked to discover their insurance will not protect them from the following disasters.
