Understanding Home Insurance and Fire Damage

Here’s what your homeowner’s insurance will cover when it comes to fires.house on fire

Fires are one of the most common risks that American homeowners face.  In fact, every 24 seconds, a fire department in the U.S. responds to a house fire.  This is why it’s so important for homeowners to understand what their insurance covers when it comes to fire damages and losses.  Here’s what you need to know about insurance protection for fires.

  • Coverage for Damage

Standard homeowner’s 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.

  • Coverage for Temporary Housing

If the fire damage that your home sustains is particularly extensive, then 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 homeowner’s 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.

  • Fires Excluded from Coverage

The only time your homeowner’s 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 homeowner’s insurance and fire damage.  Do you have additional questions about your home coverage?  If so, then contact the experts at VGW Walker Insurance in Texas.  Our dedicated team is eager to assist you with all your insurance needs today.