Fire insurance typically helps cover your home, businesses, factory, warehouse and belongings. This policy includes coverage which may help pay to repair or replace your properties and its contents if they are damaged by fire.
Your house is probably the most valuable asset you have, and you have homeowners insurance to help protect you and your house in case something unfortunate, such as a fire, should happen. From electrical issues to candle mishaps.
Being prepared is a good idea — and that includes knowing what your insurance policy covers and how much protection it may provide.
What is covered by fire Insurance?
Dwelling coverage. Homeowners insurance typically helps cover the structure of a home as well as attached structures, such as a garage. If you leave a potholder too close to the stove and it starts a kitchen fire, the cost of repairs would likely be covered. Should your home be uninhabitable during repairs or while being rebuilt, the fire insurance does not help pay for additional costs of having to live away from your home, such as hotel costs and restaurant bills.
Detached structures. Commonly called “other structures coverage,” most fire insurance helps pay for structures on your property that are not attached to your home, such as sheds, detached garages and fences.
Personal property. Fire insurance coverage usually extends to your personal belongings, such as appliances, furniture and clothing. Fire insurance typically helps protect personal belongings from specific risks (described in most policies as “perils”), such as fire and lightning strikes. If your belongings are damaged or destroyed in a fire, fire insurance may help pay to repair or replace them.