Does my insurance cover fire damage?

2/1/2021 (Permalink)

Does my insurance cover fire damage?

Fire damage is typically covered under a standard homeowner's insurance policy. Your coverage should cover structural damage as well as the expense of replacing personal belongings lost in the fire. The conditions of your policy will determine whether you are reimbursed at replacement value (the cost of replacing the lost item with a comparable piece) or at real cash value (the value of the used item now or its depreciated value).

Some people purchase fire damage insurance, which is an additional policy that covers the costs of replacing or repairing property above the amount covered by homeowner's insurance. Your homeowner's insurance policy may impose limits on what the insurer will reimburse you for specific products. For example, there could be a $1,000 limit on electronic reimbursement. If you have a lot of devices that were destroyed in the fire, your fire damage insurance may cover the full cost of replacing them.

Keep any receipts for money spent on fire rehabilitation or replacing goods destroyed in the fire. The insurance provider may request to examine these receipts in order to substantiate your claim.

https://housemethod.com/maintenance/fire-damage-restoration/