What's Not Covered and Add-ons
Homeowners policies cover only specific risks and may exclude others. Depending on what you own and where you live, you might need to supplement your policy with special coverage. Common add-ons include:
- Flood Insurance (see NFIP). Most homeowners policies do not cover flood damage. Ask your insurance agent about the National Flood Insurance Program (NFIP), a government program, that offers flood coverage in many areas.
- Earthquake Insurance is available in a separate policy.
- Extra Coverage (called an Endorsement). You might want more than standard coverage on certain items such as jewelry, fine arts, camera equipment, coin or stamp collections, computer equipment, and home theater installations.
- Personal umbrella liability insurance, or Umbrella policy can provide more liability coverage than a homeowners policy provides.