For Dog Only

According to a survey by the National Association of Insurance Commissioners (NAIC), millions of homeowners assume that their owners Standard insurance insures against the various types of losses are generally excluded from coverage. These exclusions are sometimes referred to as "cat, rat and Brats" reflecting three exceptions to the standard coverage.
Cats. A 2007-2008 survey conducted by the American Pet Products Manufacturers Association reveals that 71.1 million of 113.7 million American households (63 percent) have at least one pet. This represents a record sum for pet owners in the United States. Many people assume that their house the homeowners insurance covers damage to windows, doors, furniture and carpets caused by pets. They are wrong. A standard homeowners policy insurance excludes damage caused by cats, dogs, rabbits and other animals. The NAIC reports that 22 percent of people interviewed, they thought that their insurance covers injuries or stolen pets. This is not correct.
Rats. The damage caused by wildlife are not covered by homeowners insurance, either. Nearly one third of owners surveyed by the NAIC (31 percent) mistakenly believe that damage caused by infestations of rats, bats, mice, ants, termites and other pests is covered by insurance of their owners. It is not. The parasites are so common that insurance companies can not afford to bear the risk of property damage they could cause.
Brats. Children and young adults lack the experience, and sometimes respect the property of being careful with the personal possession or even home. If the result of an innocent accident or malicious act, the damage caused by children is not covered by home owner insurance.
Living on the flats. According to the Government of the United States, almost all of the United States is subject to flooding. Some areas are more susceptible to flooding than other areas, of course. The areas most at risk are known as Special Areas of flood risk. Because floods cause widespread damage, private insurers can ensure their profitability against risk. To prevent flooding will negate the assets of millions of Americans who live in areas flood, Congress enacted the National Flood Insurance Act of 1968, establishing the National Flood Insurance Program (NFIP). Funded with premiums for homeowners and able to borrow on the national treasury, the NFIP offers the only type of insurance against flooding available the United States. Optional in some areas, insurance against floods is mandatory for owners who live in areas of special flood hazards. Despite the fact that flood insurance requirements are filed when a person buys a home, the NAIC has revealed that 33 percent of respondents have incorrectly assumed that their homeowners insurance covered flood damage.
War-like acts. The mainland U.S. suffered war damage, such as acts that four times in its history. The first attacks came in the War of 1812 when British troops invaded along the border with Canada and burned in Washington DC The second raid occurred when the forces under the command of General Pancho Villa raided Columbus, New Mexico March 9, 1916, and burned the town. The third attack occurred on February 23, 1942, when a submarine Japanese fired on an oil refinery in Santa Barbara, California. By far the worst attack occurred when the terrorist network Al Qaeda flew airliners into the World Trade Center and the Pentagon on September 11, 2001, killing 2998 and causing over 30 billion dollars in direct property damage. Damage caused by war and acts of terrorism are not covered by homeowners insurance.
Earthquake cracks. Tremors Land hit 39 of 50 states since 1900. According to the Federal Emergency Management Agency (FEMA), causing earthquakes over 4 billion dollars in damage by year. Because the earthquake caused extensive damage in a few seconds, insurance companies can not afford to cover earthquake damage a general homeowners insurance. However, the NAIC survey reveals that 35 percent of owners say insurance their owner covers earthquake damage. To insure their homes, owners must buy policies earthquake separated. After the earthquake in Northridge in 1994 which caused 12.5 billion dollars in losses, California insurers stopped offering insurance earthquake. For ensure that owners could at least rebuild their homes after a severe earthquake, the California Legislature passed a law requiring insurers operating buildings in the state to offer "mini-policies" to cover main areas of housing, but not pools, terraces and other non-essential.
For most people, their home is their biggest expense and greatest asset. While most owners know that some things are excluded from their own insurance, a surprisingly high number of people, or about one-third of homeowners do not realize that their coverage excludes certain types of damages. Each owner should review the insurance policy owner to verify their coverage when contact their insurance agent to discuss what types of additional coverage might be necessary to protect their homes.

About the Author:

An award-winning author of books for young adults, Bradley Steffens is a frequent contributor to online and print publications, including Gig and Broker Agent Magazine. A copywriter with 25 years experience, he creates website content for health insurance, life insurance, and homeowner's insurance professionals. His most recent book, Ibn al-Haytham: First Scientist, is the world’s first biography of the medieval Muslim scholar known in the West as Alhazen.

Article Source: ArticlesBase.com - Cats, Rats, and Brats - Homeowners Insurance Exclusions

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