Homeowners insurance policy covers the damage and destruction caused to the home’s interior and exterior. Loss or theft of goods is also covered under homeowners insurance policy.
With the climatic conditions getting worse every year, the occurrence of natural calamities is increasing more often than before. One such natural calamity that is very frequent in the US is wildfire. Wildfires cause a significant amount of damage to the economy, and that, too, includes homes. If you have a homeowners insurance policy, then you might be wondering if your insurance provides coverage for wildfire damage. To find the answer to questions, check out the blog.
A homeowners insurance policy provides coverage for damages that have occurred due to fire, wildfire, hurricanes, lightning, and other disasters that are mentioned in your policy. Your insurance company will compensate you for the amount that was fixed in the policy. You can repair or rebuild your house with the insurance amount.
In a homeowners Insurance policy, dwelling coverage comes under coverage A while detached structures come under coverage B. Detached structures can include detached garages, sheds, greenhouses, barns, shops, and gazebos. Most insurance policies cover wildfire damages for detached structures as well. Both the coverages have different policies, and you will get different coverages as per the guidelines of your homeowners insurance wildfire coverage.
In a homeowners insurance policy, personal belongings are covered under coverage C. Your Personal property can include goods like jewelry, clothing, furnishing, artifacts, paintings, other household goods, etc.
You will get coverage for these goods, as mentioned in your homeowners insurance policy.
The destruction caused by the wildfire will be massive. You may have to leave your home and move to another place. There will be several expenses like hotel, food, transportation, etc. Homeowners insurance wildfire coverage may cover these living expenses that were caused because of the dislocation.
There are some locations in the US that are very prone to wildfire. California is one such location. Standard homeowners insurance policies do not cover such locations with high damage risks. For such wildfire-prone locations, you may need to get a Fair Access to Insurance Requirements plan, also known as FAIR Plan. You can contact your insurance agency and get a FAIR Plan for your property.
Buying a homeowners insurance wildfire coverage for your home can help you prepare for the worst. But it is important to prevent such damages from happening as well. Some of the preventive measures that you can take to safeguard your home are as follows:
Your home is one of the most important assets for you. Make sure to protect it at all costs so as to not suffer a financial backlash due to disasters like wildfire. Contact us at Fuller Insurance Agency today to learn more about our services. Our main goal is to provide assistance to your personal and professional insurance needs.