Understand the Types of Coverage Provided by Fire Insurance
Home fires are no joke. All it takes is a matter of seconds for a small flame to engulf a whole house and destroy everything it touches. Even if you’re careful with candles, take extra care in the kitchen, and routinely check electrical wiring, accidents happen. That is why it is so important to understand how fire insurance coverage can help protect your home and belongings.
Fire coverage is included in most standard homeowner insurance policies. However, there are certain exclusions to coverage. Your policy will pay for damage to your home up to the policy limits for fire damage. Most policies exclude damage caused by war, nuclear damage, and other listed perils. A home that is deliberately set on fire by the homeowner is not included, either.
If a fire does occur, your home insurance will pay for fire damage to your home including damage to your property, the contents, and additional living expenses (ALE) if you need to live somewhere else temporarily while your home is being repaired. ALE helps to cover restaurant costs, hotel rooms, and additional costs of living away from home.
Homeowners should keep in mind that if your car is destroyed or somewhat damaged by a fire at your home, your homeowners insurance policy will not help. You will need to consult your auto insurance policy, especially the comprehensive portion of your policy. If you only have liability auto insurance, damage to your car during a home fire is not covered. As a result, you will be on the hook for repairing or replacing your vehicle.
Take a moment to review your policy terms or call your insurer for further clarification. The team at Hoffman Brown Company are ready and waiting to help you find reliable and responsible insurance for your property. Contact us today to get started!