While homeowners insurance covers a wide range of risks, fire insurance only covers costs associated with a fire.
Fire damage coverage is typically covered by homeowners insurance, but a separate fire insurance policy may offer greater protection.
Fire insurance policies compensate for the property’s loss of use due to a fire. In the event that the fire caused uninhabitable conditions, they frequently provide additional living expenses.
Lastly, they cover loss of personal property and damage to nearby structures.
To make it easier to determine what has been damaged or lost in the event of a fire, homeowners should keep records of their home and its contents.
