You need to decide the level of coverage you need. Generally, you need to choose between these two types of policies for your home insurance:
You can add additional coverage, or endorsements, for certain risks that are not automatically included under your policy. The most popular are those for sewer backup, water seepage.
Depending what is specified in your policy, the indemnity payable could be limited to $1,000, $2,000, $5,000 or $10,000, depending on the property and nature of the loss.
Examples of perils not covered under your home insurance policy
- Landslides, earthquakes* and other earth movements
- Damage to property acquired illegally
- Losses caused by criminal acts of the insured
- Losses due to war, terrorism, nuclear risks
* Coverage for damage caused by an earthquake is available under an endorsement.
Water Damage – Above Ground Water Coverage
As its name indicates, this coverage covers damage caused by above ground water, including:
Sudden and accidental leaking of rain or snow
Sudden and accidental discharge, backing up or overflow of rain gutters, eaves troughs or downspouts
Water damage – Ground Water and Sewers Coverage
As its name indicates, this coverage covers damage caused by ground water, including:
Sudden and accidental seepage of underground or surface water
Sudden and accidental discharge, backing up or overflow from sewer connections
Rising of the water table