If you read my 1st post, you know that I am a new home owner. You may not know that I read everything. I read all bazillion pages for the closing of the house (which I requested to have 2 days in advance, I did find a few errors!). I also have read my home owner's policy from a major company that will remain nameless. However I couldn't help but laugh hysterically at the policy, hence the Insurrection insomnia.
The obvious is true, my house (known in the "biz" as a Dwelling) is covered from loss in the event of fire etc. Of course we need to clarify that "my house" refers to my dwelling including attached structures, the construction materials thereof, and wall to wall carpeting fastened to the dwelling. Fine.
But reading further, it states that I am NOT covered for floods, including but not limited to surface water, waves, tidal water or overflow, or spray whether or not driven by wind. Sounds scary but I think I knew that flood insurance was separate, which is a major issue in New Orleans right now.
However, I am also NOT covered for earth movement of any type, including but not limited to earthquake, volcanic eruption, lava flow, landslide, subsidence, mudflow, pressure, sinkhole, erosion, and aliens (I threw that in to see if you were still paying attention). Sounds like a remote possibility, however we can easily see how this house that I can not afford to buy outright and had to borrow money to pay back for 30 years could disappear by some earth movement and I would be out the entire sum. Bankruptcy. That would be tragic.
However, the good news is that I AM covered for damage caused by fire, explosion, theft or breakage of glass or safety glazing materials resulting from said earth movement above. So the best case scenario for earth movement would be for the volcano to erupt just up the street from me and have the lava flow miss my house, but cause the trees to burn and therefore I would be covered.
As if that wasn't enough to worry about as a new home owner, I am also NOT covered for nuclear action, radiation or radioactive contamination. I am (of course) covered by fire resulting from said nuclear action, assuming I am still alive (and glowing) to collect.
And finally I am NOT covered for war or warlike acts, including but not limited to insurrection, rebellion or revolution. Hence the insurrection insomnia as I will add to my list of prayers each night that a war doesn't break out in my neighborhood, or at least if it does, only the fires that were started during the war meet my unoccupied house.
Are you in good hands?