When protecting your home, it’s easy to overlook hidden spaces that store your belongings and house essential systems. At Amy Tounget Insurance Agency LLC in Midlothian, TX, we help homeowners understand how their insurance policies handle these often-overlooked areas.
Understanding Your Policy’s Fine Print
Most standard homeowner’s insurance policies cover attics, basements, and crawl spaces, but the coverage isn’t always straightforward. Your policy typically protects the structure itself and any permanent fixtures, such as built-in shelving or electrical systems. However, coverage can vary significantly based on how you use these spaces and what you store there.
What Gets Protected and What Doesn’t
Personal belongings stored in these areas usually receive the same coverage as items elsewhere in your home. For example, holiday decorations in the attic or tools in the basement should be covered for listed perils. However, items stored directly on dirt floors in crawl spaces or unfinished basements may be subject to limitations, particularly for water-damage claims.
Special Considerations for Below-Grade Areas
Basements and crawl spaces present unique challenges because they are more susceptible to water damage from flooding or seepage. Standard policies typically exclude flood damage, so you may need separate flood insurance if you live in a high-risk area. Additionally, if you’ve finished your basement as a living space, ensure your policy reflects this increased value.
Protecting Your Investment
Understanding exactly what your insurance covers in these spaces helps you make informed decisions about storage and improvements. Amy Tounget Insurance Agency LLC in Midlothian, TX, can review your current policy to ensure your entire home is properly protected. Don’t let hidden spaces become hidden gaps in your coverage.
