I'm dead curious. Every time something happens to damage homes, I keep hearing that it's not covered by homeowner's insurance. It doesn't cover earthquakes, it doesn't cover landslide or mudslide, what does it cover, and why on earth do we get it if it doesn't cover anything?
IMO, it sounds like "homeowner's policy" is a deceptive title. They should just make it cover everything, price it accordingly, and spread the risk by having all homeowners have the same complete coverage. True, it would make the policies more expensive, but the real estate prices will adjust accordingly (same as they adjust to mortgage rates).