The immediate answer to this question is… Let’s hope not. Insurance is unique in the sense that is one of the only things you buy that you hope you never have to use. However, in most cases, your home is your most important asset and needs to be protected by the proper home insurance.
So let’s get straight to it. What is covered by home insurance?
In insurance what is covered and protected is known as a covered peril. A peril is something that exposes you to risk. The covered perils can range from natural disaster to crimes committed by others. Here is a list of some covered perils of home insurance.
Fire or lightning
Wind or hail
vandalism or mischief
Damage by smoke or vehicles
Falling objects, Falling trees
Freezing/ bursting of plumbing
Damage from electric current
As well as some others. When these instances occur, you will be covered by your home insurance policy. All of these items could potentially cause major damage that creates a major financial burden. Thus, the importance of having proper home insurance. Your home insurance company will pay out for damage from any of these minus your deductible.
What are some things that can damage my home and are not covered by home insurance?
Two natural disasters that are not covered is damage from floods and earthquakes. These are extra policies that you can get relatively inexpensive. Homeowners exclusions differ from state to state.
Other exclusions include wear and tear, corrosion, rust, contamination, government, war, and some others.
If you live in Mississippi and own a home, make sure you have a trusted advisor for your home insurance. Your home is your most important asset to protect. At Thompson Insurance have we have been insuring homes in surrounding areas for 25 years.
How to Start Your Quote
Every person is unique and therefore requires a carefully crafted policy. Good news, our Agency offers custom tailored insurance proposals to ensure you get covered properly but don’t pay more than you have to.
If you’d like us to review your current policy and provide you with no obligation quotes, call our office, or see our Quotes page to get the process started. Either way, we make the process super simple!
We serve the North Mississippi area, including towns like Olive Branch and Southaven, including Desoto County, Tate County, and Lafayette County.
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