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What is insurance for fire?

This article provides a definition and example of fire insurance, as well as an explanation of how fire insurance works.

Fire insurance types Replacement Cost vs. ACV Do I need fire insurance?

HOMEOWNERS AND TENANTS’ AND OWNER’S INSURANCE What Is Fire Insurance?
This article was written by Janet Hunt and last updated on January 26, 2023. Samantha Silberstein reviewed it.

The definition and example of fire insurance as well as how it works Replacement Cost vs. ACV Types of fire insurance Do I need fire insurance?

A firefighter using a hose and a raging fire behind him DAVID MCNEW / GETTY IMAGES DEFINITION Fire insurance is a type of property insurance that covers losses and damages caused by a fire. It covers the costs of repairing or replacing damaged property in your home as well as the costs of living while your home is unusable.

Important Takeaways Fire insurance is typically covered by your homeowner’s insurance, but it can be purchased separately if required.

It covers damages to your home, personal belongings, and other aspects of your property, as well as some of the costs associated with lodging and food while repairs are being made.

The amounts of your chosen coverage limits and deductibles will apply to the remainder of your policy.
Arson, certain war crimes, and properties that have been vacant for more than 30 days are not covered by standard fire insurance.

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