a question on home insurance?

Question

what does "all peril" refer to? i know flood insurance is seperate for some claims but does not "all peril" include flood?
my interest is with personal property issues of loss due to flooding.

Answer 1

Well, policies don't SAY "all peril". It means, everything is covered. Agents say "all peril" but it's WRONG, because as you point out, flood is not covered, and war is not covered, etc. EVER.

What the POLICY says, is either "all risk" (if it's a very old form) or "risk of direct physical loss" for the most broad coverage. What it means is, whatever isn't excluded, is covered. The next policy down, called a "broad form" policy, covers only the perils named.

Flooding isn't covered under a homeowners policy, period. What is SOMETIMES covered, if you PURCHASED it (because it's an add-on), is backup of sewers & drains. If general flooding in your area causes the sewers & drains to back up in your basement, then the water damage to the building & contents is covered under this endorsement, up to the limit - usually not more than $10,000.

Answer 2

All perils are covered unless specifically excluded, basically. You'd have to check the policy language to see if flooding is excluded and the damage that results from it. I'm sure you'll find that it does. A "specified peril" policy is what is sounds like- the policy names the perils that are covered. Anything not named is not covered.

Answer 3

Most homeowners insurance policies will cover water damage that came through the roof or a burst pipe, but not surface water.

Answer 4

All perils means all perils listed in the policy booklet they send you. Usually these are wind, hail, fire, lightning, smoke, theft, airplanes & vehicles. etc.

Answer 5

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