Fire insurance covers the costs of property damage caused by a fire.
Up to the limits set by your policy, it also includes your personal belongings and expenses for lodging and meals that go above and beyond your normal living costs. Like the rest of your policy, it has the same deductible and coverage limits.
Your land’s detached structures, like sheds, fences, and detached garages, are frequently covered as well. Damage to trees and shrubs, for example, can be covered by some policies.
If you live in a rental property, your landlord’s insurance will cover the costs of fire-related property damage, but you will still be responsible for your personal belongings.
The National Fire Protection Association reports that U.S. fire departments responded to approximately 346,800 house fires between 2015 and 2019.2 Fire coverage is included in most homeowner’s insurance policies, but there are certain exclusions from coverage.
You will need renter’s insurance to cover those losses. Knowing what yours includes and your options for home security are essential.
