Homeowners Insurance Coverage for Fires 

Homeowners insurance is a vital safeguard for financially protecting your home and belongings against potential risks, such as fires. Fire coverage within a homeowners insurance policy is designed to compensate for damages and losses caused by a fire, helping you recover and rebuild without facing financial ruin.

What Fire Coverage Includes

A standard homeowners insurance policy typically offers the following coverage to provide financial support in case of a fire:

• Dwelling coverage—This coverage can help pay for repairing or rebuilding your house if it is damaged by a fire. The coverage limit is typically based on the cost of rebuilding your home, not its market value.

• Personal property coverage—This can include compensation to repair or replace personal belongings like furniture, clothing and appliances damaged or destroyed in a fire.

• Loss of use coverage—If your home becomes uninhabitable due to fire damage, this coverage can help pay for additional living expenses, such as hotel stays and restaurant meals, while your home is being repaired.

• Liability coverage—If a fire originating in your home causes injury to someone or damages another person’s property, this coverage can assist with legal fees and medical expenses.

Extended and Guaranteed Replacement Cost Coverage

Homeowners can opt for extended or guaranteed replacement cost coverage for added protection. Extended replacement cost coverage increases your dwelling limit by a certain percentage, such as 25%, to account for higher rebuilding costs. Guaranteed replacement cost coverage goes further, covering the full cost of rebuilding your home, regardless of the limit.

Learn More

For homeowners insurance near you, contact Luevanos Insurance Agency.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.