Sep 12, 2022 - News

Your home likely has spacecraft coverage

Illustration of a roll of money with a rocket top and fins.
Illustration: Aïda Amer/Axios

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.
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