Homeowners Insurance
Homeowners insurance typically helps cover your home and belongings. Most policies include coverages which may help pay to repair or replace your home 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. Fire insurance claim examples can range from electrical issues to candle mishaps, from a total loss fire claim to a soot damage insurance claim.
The National Fire Protection Association reports an average of 357,000 residential fires each year. Being prepared is a good idea — and that includes knowing what your insurance policy covers and how much protection it may provide.
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, typically, the policy helps 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 homeowners insurance helps pay for structures on your property that are not attached to your home, such as sheds, detached garages and fences.
Personal Property
Homeowners coverage usually extends to your personal belongings, such as appliances, furniture and clothing. Homeowners 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, homeowners insurance may help pay to repair or replace them.
Additionally, a standard homeowners policy may help cover landscaping as well. If a fire on your property destroys a tree or shrubs, you may be reimbursed for some or all of their value if it is covered under your policy.