Does Home Insurance Cover House Fire Damage?

Most homeowners policies include protection against fire damage. However, people living in areas with a high risk of fire may need to purchase additional fire insurance coverage to help protect their property even further. Home insurance companies may also exclude homes with high fire risk from standard fire protection. Speak with a qualified provider to ensure that your home has appropriate coverage.

What Types of Fire Damage Does a Homeowners Policy Cover?

Fire damage is typically covered by a homeowners insurance policy, even if the cause of the fire is excluded from the policy. For example, if an earthquake, which is not usually covered under a standard homeowners policy, knocks down an electrical line and sets your home on fire, you may still be able to make a claim. Most damage after a fire is from the smoke, which is usually covered by a standard home insurance policy.

Your homeowners insurance would cover accidental house fires caused by a forgotten candle, electrical spark or cooking mishap. However, if the fire is intentional or due to gross negligence, it would not be covered.

How Homeowners Insurance Coverages Help If You Experience a Fire

The following is how each of the coverages of your homeowners policy may help in the event of a fire:

• Dwelling coverage may cover the cost of repairs to the burned portions of the physical walls of the house. If the house completely burned to the ground, your insurer may pay you a lump sum up to your limits. This may also cover smoke damage to the home itself. Payment is either for the cash value or replacement cost.
• Personal property coverage may pay to replace your belongings, such as clothing, furniture and electronics damaged or destroyed in a fire. However, you may need extra coverage for items of high value, such as jewelry and art.
• Liability coverage may help protect against lawsuits and related damages for a fire that spreads to neighboring properties.
• Loss of use coverage may reimburse you for temporary lodging and food costs while you cannot live in your home.

Speak with your insurance provider to ensure you have the right coverage for your situation. They will be able to determine if you need an additional standalone fire insurance policy. Contact RKM Insurance Services Inc. today to learn more about your homeowners insurance and fire coverage options.

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.