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I was once given complimentary wheel and tire insurance which didn't cover against accidental damage, wear and tear, road debris or malicious damage by another person. The only thing I could think it covered is if I slashed my own tires and also could prove it was me doing it
i like how nukes and war is 5-7 and then alllllll the way down they’re like, “oh also no water damage and no normal wear and tear.”
So what the heck DOES it cover???
If you lose the document they'll print another one up no questions asked
So basically they only insure against a stranger damaging it, and fire.
But if your house catches on fire they'll deny the claim because those charred rafters were actually damaged by the water from the fire hose.
Hrm, this list seems a lot shorter than the one in the OP. It'd sure be nicer if they had just said your version...
It’s a contract. You can be sure they’re going to list just about everything.
Security through obscurity!
and tornado
Wind and rain damage is excluded
Not excluded if resulting from a tornado, line item 20.
Good catch
Fuck homeowners insurance. I live in Florida. I've had State Farm for several years now, and it always felt like I was paying them extortion payments. Last year, we got a letter from them informing us that they had sent an inspector by our property, and listed off several things that we needed to do, and show them proof that we did them, within the next year or they were dropping our coverage. Some of these things were understandable, but others just seemed ridiculous. Like re-roofing or tearing down my shop in the back, when there is absolutely nothing wrong with it (I just built it seven years ago). It's already pretty well-known that SF is no longer writing new policies in Florida, so I could see the writing on the wall. Even if we complied and got all that done, their premiums were going to go way up, and switching to another company would certainly cost us even more. The wife and I discussed it and said fuck it and fuck them and took the money out of my 401k and paid the place off. State Farm will not renew us here in about a month and a half when it expires, and we'll carry on without. This house has been through every hurricane that's hit the NW corner of Florida since 1958 and has so-far only lost some shingles. We're on high enough ground that flooding isn't a worry either, so fuck it... off we go, fingers crossed! I feel really fortunate that we were able to do that, because this place is so much more than just a house, and I'll be DAMNED if we're losing it because some bureaucratic requirement that I can no longer afford allows it to be repossessed.
Do they actually cover anything? For that "coverage", they should pay you instead.
Is this for a renter of somebody else’s property? Barring the damaged by water part and maybe the vermin it seems pretty standard.
E.g. if an upstairs apartments floods I’d want my insurance to cover my belongings while the landlord’s insurance would cover the building.
That seems the most likely damage (even more than fire, etc) that I’d want to have covered by insurance as a renter.
Of course I just glanced at it so please let me know if there’s anything I missed.
This is plausible. That or it's just a really cheap policy - no windstorm/hail damage is very much NOT normal for homeowners though, even so.
The rest of this is pretty standard stuff and the fact that people seem angry/surprised by it speaks volumes to how little attention they've paid to their own policies. Read your paperwork y'all. It's tedious, but you are also party to the insurance contract that you're paying for. It can also help you find grey areas of coverage, and a grey area (ambiguous language) tends to work out well for the insured party (you, if you have insurance).
Right. Barring some weird oceanfront property in Florida where you’re looking at buying separate flood insurance. And you can bet that your mortgage lender will want you to have that.
What, precisely, do they cover?
Their own risk of profit loss.
Charles Brindamours salary at $9,119,930, Louis Gagnons at $3,405,190, and several other executives between those ranges. And of course dividends for the precious ~~customers~~ sorry, shareholders.
all risks
just kidding, fuck you!