Fire Insurance
What Does Fire Insurance Mean?
Fire insurance is a type of coverage that protects against losses from fire damage to properties. It can reimburse policyholders for property losses resulting from fire. Typically, fire insurance is purchased as an addition to a standard homeowner’s or renter’s insurance policy. This coverage often includes the full replacement cost of damaged property as well as living expenses incurred if the policyholder is temporarily unable to reside in the property.
Insuranceopedia Explains Fire Insurance
Many people choose to purchase fire insurance in addition to other forms of property insurance because the losses from a fire can be devastating. Fire insurance offers a high degree of coverage for fire damage and can address a wide range of causes. However, not every type of fire may be covered. For instance, if a military-related explosion occurs near the home and leads to a fire, this may not be included in the coverage.
