What Your Home Insurance Covers When It Comes to Fire

How your homeowners insurance can help you when it comes to fire damage.home with fire damage

Fires are some of the most dangerous and expensive risks that homeowners face.  To make matters worse, fires are also one of the most common threats that that homeowners are exposed to.  Fortunately, all standard home insurance policies include coverage for fire damage and losses.  Curious to learn more about what your insurance will cover when it comes to fires?  Then here’s what you should know.

  • Fire and Smoke Damage Are Covered

Standard homeowners insurance policies will offer coverage for both fire and smoke damage to your home and belongings.  You have this coverage regardless of where a fire starts.  For instance, if your home sustains damage from a fire originating in a neighbor’s house, your insurance will still offer coverage for repairs.  Most home insurance policies also offer coverage for the damage caused by wildfires.  However, if you live in an area particularly prone to wildfires, then your policy may limit the amount of wildfire coverage that you have.  You may have to secure endorsements or supplemental insurance policies to get the comprehensive protection that you need.

  • When Fires Are Not Covered

The only time your homeowners insurance will not offer coverage for fire damage is when you or anyone named on your policy caused the fire on purpose.  Intentional acts of damage are never covered by insurance.

  • How Much Do Fire Repairs Cost?

Your repair costs will vary depending on a variety of factors.  For starters, the extent of the damage will affect the cost of repairs.  The value of your home, the area where you live, and local labor and building costs will also affect how expensive your repairs are.  In fact, fire damage restoration can cost anywhere between $3,157 to $29,118.  The national average of fire restoration is about $13,761.

This is what homeowners should know about their fire coverage.  Do you have additional questions about your home coverage?  If so, then contact the experts at ISU-Wissink Insurance in Culver City, California.  Our dedicated team is eager to assist you with all your homeowners insurance needs today.