All home insurance coverage is the same
The kind of coverage you get depends on your insurer and policy. There are normally two types of coverage – Insured Perils and All Risks. Regular insured perils are:
- Fire
- Lightning
- Explosion
- Impact by road vehicles
- Bursting or overflowing of water tanks or pipes
- Theft by violent or forcible entry
- Specified natural disasters such as floods, windstorms, earthquakes and volcanic eruptions
- Riots and strikes
Any loss or damage that is not caused by the above is not covered. Offering a wider but more expensive cover is the all risks policy. Although it includes accidental damage, it can have a longer exclusion list as compared to an insured perils policy, despite being termed “all risks”.