6 things home insurance won't cover

Your insurer won't take care of everything life throws at you and your house. If one of these happens to you, you're probably on your own.

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63Comments
Nov 12, 2013 10:48PM
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I had an appraiser check my roof five years ago when it was "raining" in one bedroom.  He said, "your roof is fine, there's nothing wrong with it."   A year ago I had another adjuster say same thing when

it was still "raining" in bedroom.   I had a contractor check the roof and attic and he discovered how water was getting in.  I paid for complete roof replacement of shingles, etc.  Have had NO "rain" in bedroom since.   NOW this insurance company wrote me a letter saying it will drop my coverage because my roof is in bad repair.   EXCUSE ME!   The contractor sent his certification that he had

replaced the roof.   Here we are 18 months later and I've had no leaks.  So what kind of nuts are working at this company?   Want to know the insurance company?   How is it that two inspectors who are supposed to be experts at roof evaluation told me there's nothing wrong with my roof then a year

later the company sends a letter threatening to cancel my home owner's insurance because my roof is in bad repair?   Makes me think they smoke pot all day at work.  Want to know the company?

STATE FARM. 

Nov 12, 2013 10:05PM
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What's the point of getting insurance if they won't cover anything... sheesh!!!!
Nov 12, 2013 10:31PM
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Most insurance companies pay out more in claims than they take in premium. This "combined ratio" is usually around $1.04 or so. They make up the difference on investment returns. If an insurance policy covered "everything" you would not be able to afford it. The standard policy covers the typical "sudden and accidental" loss. Mold and termites, for example, do not happen overnight. Sewer backup can be endorsed for. Insurance is not a commodity, you get what you pay for, and sometimes not even that. Pay attention to customer service rankings too. Ya, as you might have guessed, I work as a property adjuster with 25 years experience now...
Nov 12, 2013 10:36PM
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Policy holders should get back at least 50% of the annual  premium if no claims are filed. Insurance is the biggest ripoff

in the world and it is mandated by the government.

Nov 12, 2013 10:31PM
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In Florida it doesn't make ant difference what you want. The insurance companies do whatever they want. Florida has no control over the insurance companies. So they do what they want and we pay for it.
Nov 13, 2013 11:21AM
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Insurance is one of the biggest rip offs there is.  The don't cover a lot of things and hide that fact in fine print buried in obsure clauses in lengthy policies.  You pay and pay and pay, I paid in for 30 years to the same insurance company starting out at around 400 a year and up to 1500 a year and never files a claim.  During that time the raised my deductable, and every time there was disaster somewhere else they raised the rates of all the customers to pay for it so their executives could get huge raises and big bonuses.  The finally I had to file a claim,  a tree in my yard fell on my car,  guess what they don't cover that after all its my car and my yard and my tree.  Then a few months later my roof leaked and I was told my roof was just worn out and neede replaced and I should have done that already and they wouldn't cover that either because I should have excercised more care.  The roof wasn't that old 7 years. 

 

They rip you off on home owners, auto and health insurance.  I honestly have to wonder where they shareholders in these corporations are and why they are not paying attention to how these companies are run.  The CEO's etc just vote themselves huge salaries and benefitsand big bonuses every year and who is paying for it.  The customers who have to pay higher and higher rates.

 

Here is what I found out,  Shop for insurance every two years,  compare policies and read them thoroughly  Use independant agents who represent more than one company.  Don't be afraid to change to companies mid policy if the company you are with does something you don't like or they are unfair to you. They have to refund the unused portion of your policy,  After all you prepay for they year and they are using your money to invest and make more money.

Nov 13, 2013 12:53AM
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It also won't cover collapse. Make sure to read the insurance and add any necessary endorsements. Insurance companies are businesses and therefore have to make a profit to continue offering their services.
Nov 12, 2013 10:58PM
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SInk holes and floods are acts of God and these SOB's will not pay even if you have coverage.
Nov 12, 2013 11:25PM
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they wont cover your guns past a token amount. bass tards!
Nov 13, 2013 2:18AM
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If insurers covered mold they would go broke. Mold is too common. It would hurt their scam and reveal the man behind the curtain.
Nov 13, 2013 2:17AM
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Homeowners insurance also will NOT cover flood, earthquake, or the cost of fire trucks putting out a fire at your house. 
Nov 13, 2013 10:32AM
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We replaced our old, soon to be leaking roof with architectural shingles and added 2 skylights. The insurance company raised our premiums because we "added value" to our home. They should have lowered the premium for us maintaining the house...we should move to Oregon?
Nov 13, 2013 11:01AM
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The Farmers wouldn't cover side of bricks fell off  and wasn't covered their excuse it's a pre-existing why pay for insurance everything is pre-existing tthats what the insurance is for.
Nov 13, 2013 9:15AM
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The only thing left homeowners insurance will cover is fire, weather disasters like tornados or hurricanes and a certain amount of theft. In order for it to cover floods is if you purchase flood insurance. Other than that, your screwed and on your own. Homeowners has gotten so expensive because we are paying for what insurance companies have to pay out for the losses of other homeowners. The only time my homeowner covered anything I put a claim on was to replace my roof for wind damage. They made their profits off of me for over thirty years with only one measly claim. They have become a big rip off to it's policy holders.
Nov 13, 2013 2:01AM
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Probably should have picked a different pic for the last one...
Nov 13, 2013 12:01PM
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Home insurance is nothing but a rip off. I've had insurance through AARP for over twenty years, and everything was fine until I had to replace my roof because of wind damage, then they wouldn't pay a dime to help. Thanks a lot.
Nov 13, 2013 12:53AM
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"Of course, then it's too late."

But why should that be? Shouldn't insurers be required to cover "pre-existing conditions"? After all, that is the hue and cry about medical coverage. (Sarcasm off now.)
Nov 13, 2013 9:49AM
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Sinkhole coverage can be added to your policy.  Ask your agent!
Nov 13, 2013 12:08PM
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As a contractor with over 40 years experience, having done some work for insurance companies and most recently working actively as a Public Insurance Adjuster in SE Pennsylvania, these testimonials just reinforce my belief that anyone who suffers any type of property damage should at the least consult with a Public Insurance Adjuster and more importantly hire one to represent them in the negotiations with their insurance company. I get the question all of the time "what is a public adjuster'? The quick response is an advocate for the consumer. we are trained in both construction and insurance coverage's to assist the homeowner in maximizing the settlement. I know in Pennsylvania Public Insurance Adjusters  are licensed and regulated by the PA Department of Insurance. Insurance Company adjusters are not.   

Nov 13, 2013 2:10PM
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Wait - now firemen are not willing to go on the roofs of houses will solar panels as they are high voltage/amperage danger. I agree with them I would not go up there with a hose in a fire to get electrocuted! Guess the insurance will then not cover me either there...
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