The basic home insurance policy does not cover any protection from natural disasters such as earthquakes and floods. If you are particular about these, then you need to secure an additional or separate policy that will protect your property from natural disasters. Having this policy pays for the renovation or re-building of the house and even provides living expenses while construction is ongoing and the property cannot be utilized by the family. Most buyers forget to ask this to their agents, and when the need arises the homeowners are left with nothing. Be vigilant and always ask.