Fire Damage Insurance Coverage

The wildfire tragedy in California has made insurance covereage a topic of discussion. Many homeowners take comfort in knowing that they have insurance that will cover loss from fire.

That comfort may be a false sense of security.  According to a report recently issued by the National Association of Realtors, insurers may place limits on what is covered in the event of fire. Although standard policies generally cover fire damage to structures and personal belongings, coverage may not extend to instances of arson, regular wear and tear or poor maintenance. Some insurers may not cover fire hazard at all, especially in areas where there is a high risk of fire.

This fire event serves as reminder to consult with your insurance provider and go over your coverage to clarify exactly what is covered and what isn't.