Insurance policies are an essential aspect of our lives. They come in handy when an unexpected event occurs. Insurance policies cover an array of aspects, which includes health, auto, and life insurance.

However, not everything falls under the purview of an insurance policy. Before buying an insurance policy, it’s crucial to gauge what the policy covers and what it doesn’t. In this article, we’re going to discuss six expenses that won’t be covered by your insurance policy.

1. Routine Car Maintenance

Car insurance is crucial to have when you’ve been involved in an accident. It covers damages to your car or other cars that have been involved in the same accident. However, car insurance policies don’t cover routine car maintenance.

This includes oil changes, tire rotations, and filter replacements. It’s essential to allocate maintenance expenses to ensure that your car runs smoothly and avoid expensive repairs in the future.

2. Cosmetic Surgery

Medical insurance policies cover certain surgeries when the outcome is life-altering or life-threatening. Cosmetic surgeries, on the other hand, are elective and, therefore, not covered by medical insurance policies.

Cosmetic surgeries include breast augmentation, liposuction, and facelifts.

3. Identity Theft

Identity theft is a growing problem globally. Unfortunately, it’s not covered by most insurance policies. If your bank balance gets wiped out due to identity theft, it’s unlikely that your insurance policy will cover the losses.

However, there are certain ways to protect yourself from identity theft, which include using strong passwords, varying passwords, and using multifactor authentication.

4. Home Renovations

Home insurance policies cover damages caused by fire, floods, and other natural calamities. However, home renovations, including minor upgrades, aren’t covered by home insurance policies.

Renovations include redoing the kitchen, replacing old pipes, and changing the roof. It’s essential to allocate renovation expenses in advance instead of relying on your home insurance policy.

5. Dental Procedures

Dental procedures may not fall under cosmetic surgery, but most dental procedures are elective and, therefore, not covered by dental insurance policies.

Dental insurance policies cover basic dental procedures such as fillings, cavity treatment and scaling, but more complex procedures, such as root canals and orthodontic procedures, may require additional coverage or may not be covered at all.

6. Travel Insurance Limitations

Travel insurance policies cover an array of travel-related activities, such as trip cancellations, lost luggage, and medical emergencies abroad. However, travel insurance policies also come with limitations.

For instance, extreme sporting activities such as skydiving, bungee jumping, and mountaineering may not be covered in standard travel insurance policies. It’s crucial to read the fine print of your travel insurance policy to gauge what’s covered and plan accordingly.

Conclusion

Insurance policies are a vital aspect of our lives. They come in handy in times of crisis. However, it’s essential to gauge what’s covered and what’s not before investing in an insurance policy.

The six expenses discussed in this article highlight what’s not covered by insurance policies and help plan accordingly.