True or false: My home insurance covers water damage and spoiled food
Summer can take a toll on your home. Do you have the right insurance? Take this test, from Kanetix.ca
From heat waves and flash floods to backyard celebrations, summer can take a toll on our homes. Do you have the proper insurance? And what are some of the common misconceptions? </br></br>Jim Lopes/Getty Images/iStockphoto
Installing a pool or hot tub won’t impact my insurance.</br></br> <b>FALSE.</b></br>Polka Dot Images
If there is a power failure and the food in my freezer spoils, my insurance policy will cover the cost of the food.</br></br> <b>TRUE.</b></br>Konstantin Yuganov/Getty Images/iStockphoto
Water damage is covered under home insurance.</br></br> <b>MAYBE.</b></br></br> <a href = "http://www.theglobeandmail.com/globe-investor/personal-finance/home-cents/dont-let-a-wet-basement-dampen-your-finances/article4097631/#dashboard/follows/" target="_blank"> To find out more, click here </a> </b></br>kgfoto/Getty Images/iStockphoto
If my friends get carried away at my barbecue party, either with alcohol or fireworks, I’m not responsible.</br></br> <b>FALSE.</b></br>Alexander Shalamov/Getty Images/iStockphoto
I’m doing some upgrades to my home this summer – my home insurance covers any accidents or mistakes made by my contractor.</br></br> <b>FALSE.</b></br>Jupiterimages
Damage to my lawn or garden is covered under my homeowner's policy.</br></br> <b>MAYBE.</b></br>Jupiterimages
Replacing an exterior wall or roof may change the classification of my policy.</br></br> <b>TRUE.</b></br>Les Palenik/Getty Images/iStockphoto
If I leave my home for an extended period of time while it's undergoing renovations, my policy is still valid.</br></br> <b>MAYBE.</b></br>Revel Pix LLC/Getty Images/iStockphoto
Damage caused by insects or rodents will be covered under my home insurance policy.</br></br> <b>MAYBE.</b></br>jrwasserman/Getty Images/iStockphoto