Why Having Home Insurance is Important for Homeowners

Check your home insurance policy and see if it covers your home under the “all risks” clause. In simple terms, the “all risks” clause means that as long as the policy is intact, it will cover your home and property in the policy in any circumstance, with the exception of those circumstances that are in the exclusion clause. To illustrate, under the “all risks” clause, your home is covered for damages caused by fires, earthquakes and vandalisms. If the policy doesn’t include flood damage in its “all risks” clause, it means that your home insurance will not cover damages to your home caused by flood.