4 Crazy Things Your Knoxville Homeowner’s Insurance May Cover

Homeowner’s insurance is what protects your home and your possessions against damage. Before you choose a policy, you’ll want to be sure that your Knoxville homeowner’s insurance policy covers the important items and that the coverage and cost of replacement are affordable.

There are many things that may be covered by your insurance policy that you may not realize. In this post, we’ll look at 4 crazy things your Knoxville homeowner’s insurance policy may cover.

Stampede of Wild Animals

Strangely, your homeowner’s insurance policy may cover you against stampeding animals. This may not be something you’re worried about, but you could very well be covered against this if it did happen.

For example, if you owned a home in a rural area and your neighbor’s cattle stampeded through your backyard ruining your fence and your lawn, your homeowner’s insurance could very well cover the damage. Most likely you would try to go after your neighbor for the damage, but if they were uninsured or couldn’t cover the cost, your homeowner’s insurance may cover the damage.

Items Falling From The Sky

You may not think you need to be covered against random items falling from the sky like meteors or satellite parts, but you may very well be. Most insurance policies cover “open perils” meaning that you’re covered against anything that isn’t outlined in the policy.

For example, if by a stroke of strange luck, a meteor does crash through your roof, destroying everything in your living room, including your 100-inch plasma TV. Your homeowner’s insurance may cover all of the damage, so long as meteor damage isn’t mentioned in your “open perils” policy.

Spoiled Food

Your homeowner’s insurance policy may even cover the cost of replacing your spoiled food when you power goes out. This is one very strange thing that many Knoxville homeowner’s policies cover that many homeowners don’t realize.

For example, let’s say your refrigerator unexpectedly stops working while you’re out of town and your freezer was full of expensive cuts of beef from an organic butcher. You also had 12 bottles of expensive white wine in the fridge. You cringe at the cost of replacing these items.

But, what many homeowners don’t realize is that their homeowner’s insurance policy many cover the cost of replacing these items. Oftentimes, though, the deductible for replacing these items is high enough that it’s not worth claiming. Though, it may be worth claiming if you lost expensive food during the process.

Reward For Stolen Items

Finally, one strange thing that your Knoxville homeowner’s insurance policy may cover is a reward for stolen items.

So, let’s say that you have some very important items stolen from your home, including some very important family valuables. You’re heartbroken by the loss of these items and just want them back because they are irreplaceable. While the police are doing everything they can, you want to put out a reward for the safe return of these items.

Did you know that your homeowner’s insurance may help cover paying for that reward? Some homeowner’s insurance policies will pay for up to $1,500 as a reward if it leads to a conviction. Be sure to check with your policy to see if it is covered under your plan.

One Final Note: Check With Your Insurance Policy

While these items may be covered by your homeowner’s insurance policy, they’re not covered by every insurance policy. Be sure to check with your insurance policy to see what is and what isn’t covered.

Are you thinking about buying a home this year? Please let Knoxville Home Team know if there is any way that we can assist you in your Knoxville home search. Rick can be reached at 865-696-9002 or via email at Rick@KnoxvilleHomeTeam.Com. Kati can be reached at Kati@KnoxvilleHomeTeam.Com.

Also, be sure to check out our Knoxville Home Search Page to see what homes are for sale in the area.