THURSDAY, MAY 1, 2014
 If you own a home, a home insurance policy really is a must. Home insurance policies can protect you against property damage and liability expenses on your premises, which can ease the financial burden these incidents might otherwise bring.
Still, home insurance doesn't cover everything. Here are some things that are either excluded from home insurance coverage entirely or only covered in a limited scope.
- Valuables: Certain valuables — such as jewelry, furs, silverware, firearms and fine artwork — have coverage limitations. If your valued items are worth more than a standard policy will cover, you can purchase extra coverage in the form of policy endorsements or contents coverage.
- Flood Damage: Flood coverage is excluded from most standard home insurance policies. If you live near the coast or in an area prone to floods, you'll need to purchase a separate flood policy in addition to your home insurance policy. Remember, flood insurance has a 30-day waiting period, so do not wait to buy it in the days before a flood is predicted.
- Personal Medical Expenses: While home insurance covers the medical expenses of guests who are injured on your property because of liability responsibilities, it does not cover your own personal medical expenses. Get a health insurance policy to cover these expenses.
- Mold Damage: You are responsible for repairs and upkeep of your home and property. Since mold damage is often the result of poor upkeep (or a leaky pipe), it isn't covered under home insurance policies. However, if mold becomes a problem after a flood, your flood insurance can cover the damages.
Protect your home with a home insurance policy today. Call First Insurance Group at (502) 348-5921 for more information on Lexington home insurance.
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