Fire Extinguisher
What Does Fire Extinguisher Mean?
A fire extinguisher is a device designed to control small fires in emergencies. It typically consists of a handheld or cart-mounted cylindrical container filled with firefighting agents, such as nitrogen, water, or foam. In the context of insurance, fire extinguishers are crucial for enhancing home safety and reducing the risk of total damage to insured property.
Insuranceopedia Explains Fire Extinguisher
According to the National Fire Protection Association, fires cause an estimated $3.1 billion in annual losses to non-residential property in the U.S. As a result, many businesses affected by fire are unable to reopen within three years. This is a primary reason why government authorities and insurance companies strongly recommend that all property owners keep a fire extinguisher accessible.
Additionally, while home fire insurance may help offset the financial losses after a fire, it cannot replace sentimental items within the home. To protect these possessions, maintaining fire extinguishers has become essential.
