Most homeowners already have fire insurance as part of their standard home insurance policy. But this coverage tends to be limited to certain types of fire, so it’s important to consider extending fire coverage. Here’s what you need to know about getting the right fire coverage from a reputable insurance agency in Houston, Texas.

What Is fire insurance?

Fire insurance protects against fires caused by nature or other factors beyond a homeowner’s control. The National Fire Protection Association has reported that between 2013 and 2017, there were around 350,000 fires per year impacting home structures. That’s why it’s wise to practice fire safety and carry insurance that pays for fire damage.

How Does Fire Insurance Work?

If your home is damaged by fire and you have fire coverage, you file a claim with your insurance agency. Make sure you include photos of the damage. Describe where and when the fire happened and its probable cause. Include a list of your possessions that were lost in the fire. Your insurer will review your claim to determine if you are entitled to a reimbursement to pay for the damage.

What Does Fire Insurance Not Cover?

Fire insurance typically only covers damage that couldn’t have been prevented by the homeowner. While it covers fires started by electrical or gas problems, it doesn’t provide cash for people who deliberately burn their homes down or neglect regular maintenance. Fire insurance also doesn’t cover damage caused by war, radiation, or arson.

Replacement Cost vs. Actual Cash Value

Different types of insurance plans may pay either replacement costs or actual cash value. Replacement cost provides a better payout because it takes into account current prices. Actual cash value, on the other hand, reflects the condition of the used items at the time of their destruction.

When You Might Consider Adding More Fire Coverage

Various scenarios exist in which it’s advantageous to extend your standard homeowners policy. If the home is several years old, there’s a chance it’s not up to current local building codes. These codes evolve based on new discoveries involving safety and sustainability in homebuilding. Certain fire coverage pays for the cost of compliance with local codes.

Another reason to extend fire insurance is if you have a highly-customized home. Such homes have features that are difficult to replace. Anyone who owns valuable assets should extend fire coverage to make sure each specific item is covered.

Home Insurance in Fire-Prone Areas

A standard home insurance policy may not be enough protection for homes in areas prone to wildfires. Such homes generally require more expensive fire coverage.

Fire Insurance Coverage for Rentals

If you are a renter instead of a homeowner, consider rental insurance to cover fire damage. While landlords cover building structures, it’s usually up to renters to protect their own belongings.

Cover Your Home with J. Archer Insurance Group

Home fires can happen to any homeowner, so it’s best to double down on being careful by practicing fire safety and purchasing appropriate fire insurance. Members from our insurance agency in Houston, Texas, can help simplify your fire protection needs. At J. Archer Insurance Group, we are ready to help you understand your fire insurance options. Contact us today to get started!

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