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Your ReadMyPolicy Report

Generated April 17, 2026 · Report ID FIN-2VG6T1

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AI can make mistakes — even confident-sounding ones. This summary may contain factual errors, miss context, or misapply general patterns to your specific situation.

You are responsible for verifying every number, quote, clause, and recommendation before acting on it. Cross-check important information with the source document and an appropriate licensed professional.

Heads up: This is an educational summary, not insurance advice. We are not a licensed insurance producer. For coverage decisions, consult your agent or your state insurance commissioner.

C+

Policy Grade: C+

Adequate base coverage but significant gaps in flood, sewer backup, and high wind/hail deductibles that could leave you exposed.

Summary

This is a standard HO-3 homeowner's policy with $385K dwelling coverage. While fire and theft protection is solid, the policy has a punishing 5% named storm deductible ($19,250 out of pocket) and excludes flood, sewer backup, and dog breed liability entirely.

What's Covered

  • •Fire, lightning, and explosion damage
  • •Theft and vandalism up to dwelling value
  • •Temporary housing up to 12 months if displaced
  • •Personal liability up to $100K per incident
  • •Detached structures (shed, fence) at 10% of dwelling

What's NOT Covered

  • •Flood damage of any kind — including storm surge
  • •Sewer or drain backup (requires $50/yr endorsement)
  • •Earthquake, sinkhole, or earth movement
  • •Dog bites from 'dangerous breeds' — pit bulls, rottweilers
  • •Any Airbnb or short-term rental activity

Top 5 Gotchas

  • •Named storm deductible is 5% ($19,250) — not the standard $2,500
  • •Jewelry capped at $1,500 per incident — most engagement rings exceed this
  • •Claims must be filed within 60 days or they can deny you entirely
  • •Electronics limited to $5,000 — one laptop + TV could exceed this
  • •Cancellation uses short-rate table — you get back less than you'd expect

Deductibles

Standard deductible is $2,500 for most claims, but named storms carry a separate 5% deductible ($19,250 on your $385K dwelling). Wind/hail has a $5,000 sub-deductible in addition to the standard amount.

Coverage Limits

Dwelling: $385,000. Personal property: $192,500 (50% of dwelling). Liability: $100,000 per occurrence. Medical payments: $5,000 per person. Loss of use: $77,000 (20% of dwelling). Jewelry/watches sub-limit: $1,500. Electronics sub-limit: $5,000.

Things to Verify & Consider

1.Ask your licensed agent whether flood insurance via NFIP or a private carrier makes sense for your specific area and risk tolerance — your policy appears to exclude flood entirely
2.Ask your agent about a sewer/drain backup endorsement and what it would cost — your policy appears to exclude this and average backup claims tend to be expensive
3.Confirm whether your engagement ring and other valuables exceed your jewelry sub-limit, and discuss scheduled-property options with your agent
4.If a high named-storm deductible concerns you, ask your agent what it would cost to reduce it and whether your area qualifies
5.Discuss with your agent whether your liability limit feels appropriate for your assets — they can quote alternatives

These are suggestions to discuss with the appropriate licensed professional — not instructions to follow blindly.

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Generated by ReadMyPolicy on April 17, 2026 · Report ID FIN-2VG6T1
AI-generated output. May contain errors even when it sounds confident.
Not professional advice. You are responsible for verifying every specific before acting on it.

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