What Homeowners Should Know About Fires

Fire damage and your home insurance.firefighters at work

As a homeowner, fires are one of the most common and costly risks that you face.  This is why it’s very important to understand what your home insurance will cover when it comes to fire damage.  Here’s what standard homeowners insurance policies will cover when it comes to fire damage to your property.

  • Coverage for Fire and Smoke Damage

Standard homeowners insurance policies will offer coverage for both fire and smoke damage to your home and belongings.  You have this coverage regardless of where a fire starts.  For instance, if your home sustains damage from a fire originating at a neighbor’s house, your insurance will still offer coverage for repairs.  Most home insurance policies also offer coverage for the damage caused by wildfires.  However, if you live in an area particularly prone to wildfires, then your policy may limit the amount of wildfire coverage that you have.  You may have to secure endorsements or supplemental insurance policies to get the comprehensive protection that you need.

  • Additional Living Expenses Coverage

If the fire damage that your home sustains is particularly extensive, it may not be safe to remain in the home.  In this case, you can access the additional living expenses (also known as loss of use) coverage included in your homeowners policy.  This coverage will help you pay for temporary housing, as well as essentials such as food, laundry services, parking, and so on while your home is being repaired.

  • When Are Fires Not Covered?

The only time your homeowners insurance will not offer coverage for fire damage is when you or anyone named on your policy caused the fire on purpose.  Intentional acts of damage are never covered by insurance.

This is what you need to know about your homeowners insurance and fire damage.  Do you have additional questions about your home coverage?  If so, then contact the experts at Miller Carlisle Insurance Services.  We are ready to assist you with all your home coverage needs today.