What Will Homeowners Insurance Not Cover? 
Even though most homeowners policies are written on an all-risk policy , it has several exclusions . The first issue is that it doesnt cover normal deterioration , wear and tear . It is designed to make you whole if you suffer a covered loss . The two most significant exclusions are damage caused by flooding and by earth movement . These coverages can be purchased but at additional premium . There are additional exclusions , such as insect infestation . There are also some limits placed on coverage for things such as jewelry , guns , stamps and cash . 