If your house is damaged in a fire, your home insurance will kick in. This insurance will not only pay for fixing up your home, but will also cover a number of other extra costs. The amount of money you get from your insurance depends on a few factors though.
The first item your home insurance covers is the damage to your home. The amount you receive for damages depends on the limit of insurance you purchased. If your limit is high enough to cover all damages, your insurance will cover all your home repairs. If you didn’t fully cover your house, you may need to pay some of the costs out of your pocket.
On top of covering your house, your home insurance will also replace your personal belongings. Once again, the amount you receive depends on the coverage you bought. In addition, home insurance limits the amount it pays on expensive items like jewelry and artwork. If you have any valuables, you may need to buy additional coverage.
Lastly, your home insurance will cover the costs of your living somewhere else because of the fire. If you need to live in a hotel and eat at restaurants while your home is repaired, the insurance will pay for these expenses.
While home insurance covers your damages in most cases, it won’t cover the costs from an intentional fire. This applies to fires started by family members, not by a stranger vandalizing your house. If a member of your household started the damaging fire on purpose, your insurance won’t cover your expenses.
Unless you fall under this exception, your home insurance should cover the damages of a fire.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Fire was the original peril covered for homes. The insurance company will repair your home to either its depreciated state or replacement state, depending upon the coverage selected. During the construction any extra living expenses incurred because you cannot live in the home will be a part of the claim. Contact your agent if you have more specific information that you are trying to find.
That is a great question! I sincerely hope that you are just asking, and don't really need to know. One of the original reasons for homeowners insurance was to protect against the far too common danger of kitchen or heating fires. It is still one of the main points of your policy. If you are the unfortunate victim of a fire, your policy will pay, in almost every single case. I hope that helps - thanks for asking!
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The first item your home insurance covers is the damage to your home. The amount you receive for damages depends on the limit of insurance you purchased. If your limit is high enough to cover all damages, your insurance will cover all your home repairs. If you didn’t fully cover your house, you may need to pay some of the costs out of your pocket.
On top of covering your house, your home insurance will also replace your personal belongings. Once again, the amount you receive depends on the coverage you bought. In addition, home insurance limits the amount it pays on expensive items like jewelry and artwork. If you have any valuables, you may need to buy additional coverage.
Lastly, your home insurance will cover the costs of your living somewhere else because of the fire. If you need to live in a hotel and eat at restaurants while your home is repaired, the insurance will pay for these expenses.
While home insurance covers your damages in most cases, it won’t cover the costs from an intentional fire. This applies to fires started by family members, not by a stranger vandalizing your house. If a member of your household started the damaging fire on purpose, your insurance won’t cover your expenses.
Unless you fall under this exception, your home insurance should cover the damages of a fire.