What Homeowners Often Overlook in Their Insurance Policies

For San Antonio homeowners, understanding the details of your insurance policy can make a significant difference when you need it most. While most homeowners focus on basic coverage amounts, several important policy elements are frequently overlooked until they’re needed.

Standard Policy Limitations

Standard homeowners policies include coverage limits that might surprise many San Antonio residents. Expensive items like jewelry, collectibles or fine art might have insufficient coverage limits. These limits could fall far short of replacement costs for valuable possessions.

Water damage coverage often contains important distinctions that homeowners miss. While sudden and accidental water damage (like a burst pipe) might be covered, slow leaks or flooding typically aren’t. These distinctions are particularly important in San Antonio’s variable climate, where heavy rains can occur seasonally.

Replacement cost coverage versus actual cash value represents another frequently misunderstood distinction. If your policy pays actual cash value, it might only cover the depreciated value of damaged items rather than what it costs to replace them at today’s prices. This difference could leave you with significant out-of-pocket expenses.

Outdoor and Detached Structures

Many homeowners don’t realize that standard policies might offer limited coverage for structures not attached to your main home. Detached garages, storage sheds, fences, and swimming pools might have coverage limits or requirements different from those of your primary dwelling.

Landscaping damage often comes with strict limitations. Trees and plants might have some coverage against specific perils like fire or lightning, but damage from wind, disease, or pests typically isn’t covered. These limitations could be meaningful for San Antonio homeowners who invest significantly in drought-resistant landscaping or mature trees.

Learn More

Contact Primo Tax & Insurance in San Antonio, TX, to discuss potentially overlooked aspects of your homeowners insurance. Our team can help you understand coverage choices that may work for your specific situation.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.