💰 7 Unexpected Things Not Covered by Homeowner’s Insurance (AARP Article)

[Winter2024]

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!!

7 Surprising Things That Homeowner’s Insurance Doesn’t Cover.

Property insurance is an important safety net, but watch out for these coverage gaps.

By David Rodeck, AARP. Published September 17, 2024.

If you’re like the majority of older Americans (73 percent), your home is your most valuable asset, a recent American Advisors Group survey found. And when you buy homeowner’s insurance, you might think the policy covers any major damage or repairs in exchange for your sizable premiums.

But basic property insurance doesn’t cover everything that can happen to your home or belongings. Which is why you need to do your homework and “clearly understand the potential risks you face with your policy,” says Mark Friedlander of the Insurance Information Institute.

https://www.aarp.org/money/budgeting-saving/info-2024/surprising-things-homeowners-insurance-does-no...