Your home likely has spacecraft coverage

Your home is likely covered by insurance if it's hit by a spaceship.

The intergalactically-sized big picture: NASA announced this summer that it plans a year-long study of reported UFOs.

What they're saying: "In the unlikely event a spacecraft damages your home, most home policies would pay for damages," per the Texas Department of Insurance.

• Falling objects fall into a category known as a "covered peril."

Here's what else your home policy probably covers — and doesn't:

• Damages from hail or fire are covered.
• Tornado and inland hurricane damages are covered.
• Most policies cover water damage from leaks and broken pipes, but there are exceptions. Check your policy.
• Most policies do not cover damage from water that comes from outside your home. You'll need a separate flood policy.
• Damages from earthquakes are not covered. Neither are termites, wear and tear, and sewer backups.