Sotheby's International Realty
Annie Hart Cool, Sotheby's International RealtyPhone: (508) 868-0664
Email: [email protected]

Protect your home against fire damage with home insurance

by Annie Hart Cool 01/22/2023

Homeowners insurance and fire coverage featured image

Knowing what coverages your home insurance policy offers makes all the difference in securing your home. Emergencies such as house fires can happen fast, so having the right policy secures your property when disaster strikes. 

Does homeowners insurance cover fire?

Standard homeowners insurance offers coverage for fire damage. This coverage typically extends from the interior of the property all the way to detached structures such as barns, fences and sheds. 

If you’re misplaced from your home as repairs are made, standard policies also pay for temporary housing and food. 

Replacement cost versus fair value

It’s crucial to note when choosing a policy, some plans do not offer replacement costs for items. Instead, they may offer fair value price. Replacement cost is how much the item is originally worth, whereas value cost is the amount it would currently sell for in the market. 

Natural disaster coverage

Many damages caused by natural disasters are also covered under standard homeowners insurance. These perils include, but are not limited to: 

  • Hail storms.
  • High wind damage.
  • Hurricanes.
  • Lightning strikes.
  • Etc. 

Fire protection

It’s reported by the National Fire Protection Association over 300,000 house fires happen yearly. 

Dwelling coverage protects your home structure if fire damages occur. Personal property coverage financially compensates for personal belongings damaged by fire.

Having the right coverage and understanding compensation options is important to make an informed decision when choosing the best plan to protect your household.

About the Author
Author

Annie Hart Cool

“Enthusiastic, energetic and tireless” are just some of the words clients use to describe Annie Hart Cool’s approach to Cape Cod real estate. From family cottages to luxurious estates, Annie’s experience garners successful results whether clients are buying or selling.

Her commitment to delivering luxury service at every price point gives her a wide range of expertise as she helps sellers move onto the next chapter while bringing buyers “home.”