Home insurance can be confusing, especially when it comes to understanding what is and isn’t covered. To help you navigate the complexities, we've compiled answers to the top five frequently asked questions about home insurance coverage. Whether you're wondering about damage to your AC unit or concerns about bed bugs, we’ve got the info you need.
What are the 5 Frequently Asked Questions About Home Insurance Coverage?
- Will home insurance cover mold?
- Will home insurance cover an AC unit?
- Will home insurance cover a fence?
- Will home insurance cover bed bugs?
- Will home insurance cover termite damage?
1. Will Home Insurance Cover Mold?
Mold is tricky. In most cases, home insurance won't cover mold damage unless it’s a direct result of a covered accident, like water damage from a burst pipe or a sudden leak. However, if the mold has developed due to neglect, poor maintenance, or slow leaks over time, it’s typically not covered. Staying on top of home maintenance is key to avoiding these costly situations.
Home Guide estimates the average mold remediation cost to be between $15–$30 per square foot.
2. Will Home Insurance Cover an AC Unit?
Air conditioning units can be covered under your home insurance policy; however, it depends on the reason you would need to make a claim and the type of air conditioner.
When we say “type of air conditioner,” it doesn’t mean the brand name or the manufacturer, but rather the style of air conditioner. If you have a window AC unit that can be removed and installed with relative ease, these types of units are generally protected under the contents coverage of your home insurance policy. If you have an AC unit that is a fixture of the home/building, it would be covered under the dwelling coverage of your policy.
The reason your AC is not functioning will also impact whether insurance will cover it. If the AC was damaged due to a covered event, such as water damage, fire, a lightning strike, or vandalism, you would likely be able to claim the damages on your home insurance. If your AC unit is stolen, that is also typically covered under your contents or dwelling coverage, depending on the type of unit you have. While theft of these units is uncommon, it does happen from time to time.
Wear and tear, age, neglect, or intentional destruction of an air conditioner would not be covered by home insurance.
3. Will Home Insurance Cover a Fence?
Yes, fences are generally covered under the outbuilding coverage on your home insurance. If your fence is damaged by an event like a windstorm or vandalism, your policy will likely cover the repair or replacement. Damage caused by general aging, rotting, or intentional breakage likely won’t make the cut.
Outbuilding coverage is typically calculated by a percentage of your home’s replacement cost (usually 10%). This coverage protects detached garages, sheds, barns, playgrounds, gazebos, decks, and fences. If you have multiple outside structures on your property, you can increase the coverage on your outbuildings for a small premium.
4. Will Home Insurance Cover Bed Bugs?
Unfortunately, most home insurance policies won’t cover bed bug infestations. Pest control, including bed bugs, falls under regular home maintenance, so any costs related to an infestation would be your responsibility. To prevent an infestation, it’s essential to act quickly and seek professional help if you suspect an issue.
5. Will Home Insurance Cover Termite Damage?
Much like bed bugs, termite damage isn’t typically covered by home insurance. Termite infestations are considered a preventable maintenance issue. Regular home inspections and taking preventative measures can help reduce your risk, but if termites do cause damage, it’s unlikely your insurance will step in.
Conclusion
Home insurance can be complex, but understanding what is and isn’t covered is crucial to avoiding surprises. If you have more questions about your coverage or are looking for personalized advice, we're here to help. Reach out today, and we’ll make sure you’re protected with the right home insurance policy.
