businessman present insurance concept with house on fire

Does Insurance Cover Fire Damage?

When things go wrong — like an accident, a fire or a medical emergency — it can be a very stressful and difficult time. When facing such crises, the last thing anyone wants to worry about is whether insurance will help pay for it. The financial stress of a fire can create additional emotional burden in an already stressful time. It is important to have adequate insurance coverage to protect against such events and to ease financial concerns when such crises occur.

But There’s Good News!

A paper house that burns and a safe house over a coin pile: fire insurance concept

Homeowners’ insurance policies commonly include fire damage coverage, which pays for losses resulting from a fire accident. It usually covers the cost of repairing or rebuilding damaged structures, as well as personal property damage. Fire insurance typically includes coverage for the following:

  1. Dwelling: This coverage pays for damaged structures, including homes and attached garages.
  2. Personal property: This coverage pays for the loss of personal belongings, such as clothing, furniture, appliances, and electronics.
  3. Additional living expenses: This coverage pays for living expenses incurred while a homeowner is temporarily displaced from their home.

Insurance Exceptions

However, what fire insurance covers may vary depending on your policy and the specific circumstances of the fire. For instance, wildfires caused by natural disasters such as earthquakes, hurricanes, and floods are not typically covered by standard fire insurance policies. Also, some insurers may not cover fires caused by chimney fires, arson, or any illegal activities.

Proper Coverage is Essential

It’s essential to understand the coverage provided by your insurance policy and make sure you have the right level of protection for your needs. Make sure to always read through your policy and talk to your insurance agent for a better understanding of your coverage. Remember, prevention is always better than cure, so make sure to take necessary precautions to avoid fires by installing smoke alarms, fire extinguishers, and practicing safe cooking habits.

In the unfortunate event your home is damaged by fire, the experts at Fischer Restoration are here to help 24/7.