Homeowners insurance is one of the most common examples of property insurance because it covers damage to your home’s structure in the event of a fire or other natural disaster.
Additionally, it safeguards the contents of your home. Your deductible would still be covered by your property insurance if a fire broke out in your kitchen.
Coverage is different for different kinds of property insurance. For instance, if a fire broke out in the kitchen of your rented apartment, you could only file a claim for the personal items that were damaged.
You could not file a claim for repairs to the kitchen’s cabinets, walls, or other features that you don’t own.
Read your policy carefully to find out what is and is not covered. For instance, assuming you deliberately put a match to your kitchen trying to get cash, that won’t be covered by your back up plan and could bring about charges of misrepresentation.
Special investigation units may be established by insurers to look into arson-related claims.
