Does Homeowner’s Insurance Cover a Fire?

12/8/2020 (Permalink)

Buy homeowner's insurance to protect your home and belongins

What Is Covered By Your Insurance Policy

You buy homeowner's insurance to protect your home and belongings. Generally, they will help pay for damage from a disaster, such as a home fire. Whether it is started by arson or a cooking disaster, a fire can consume your home and belongings. Afterward, you will probably need to hire qualified restoration professionals to repair the damage. To prepare yourself for this situation, you should know what is covered by your insurance policy.

What Is Covered?
When an accidental home fire strikes, your insurance company will generally pay for the fire damage to be repaired on your listed buildings. This can include:

• House
• Sheds
• Garages
• Barns
• Fences
• Personal belongings

How Much Coverage Do You Need?
Your coverage limit should be tailored to your home. The limit is the maximum amount you will receive after a home fire. This means you should choose a limit that will cover your home, outbuildings, and personal belongings. When purchasing coverage, you will likely see personal property and dwelling limits.
Personal property limits cover the cost of replacing personal property damaged during a fire. However, your policy may not cover the entire value of certain items. For instance, you may want to purchase additional policies for any expensive jewelry you have so you can replace them.

What Is Not Covered?
Homeowner's insurance does not cover all types of fire. For instance, if you intentionally set fire to an empty house on your property, you will not be reimbursed. Additionally, any fires caused by wars are not covered. For more details, you should read your policy thoroughly to see what is not covered.
Knowing more about your homeowner's insurance policy will help you be prepared in the event of a fire. While an intentionally set vacant home fire is not covered, fires that started on accident in your home in Buford, GA, will generally be covered.