Coverage Beyond Fire and Smoke Damage to Your Home

If you have suffered from a dwelling fire or want to get insured just in case, you should check out this guide on dwelling fire insurance.

According to the National Fire Protection Association, a fire occurs in a structure every 63 seconds. In 2018, fires racked up over $25.6 billion in property damage.

From fires to tornados to neighborhood vandals, there are plenty of ways your home can become damaged. As a homeowner, how can you protect your piggybank from hefty losses? Our answer: choosing a reputable dwelling fire insurance plan.

What Is Dwelling Fire Insurance?

Dwelling fire insurance aids homeowners in rebuilding and repairing homes damaged by specific hazards. This type of policy protects your home from disastrous events outlined within your policy and gives homeowners a wide range of coverage options to protect their assets.

In the insurance world, a dwelling is considered your home plus any attached structures. This may include an attached garage, tool shed, deck, front porch, balcony, or bathhouse. If an attached structure is damaged by a hazardous event listed in your policy, then your dwelling fire insurance should cover all repair costs.

Most dwelling fire insurance policies offer coverage for the client’s structures as well as their dwellings. A policy may reimburse an insured client with a cash value of a home or pay for complete replacement costs following a damaging event.

What Does Dwelling Fire Insurance Cover?

The name dwelling fire insurance can be misleading as most policies cover more than just fire protection.

When you apply for dwelling fire insurance, you should receive a comprehensive list of everything that it covers. Most dwelling insurance plans protect homeowners from damages caused by:

  • Fires and smoke

  • Hail

  • Tornadoes and storms

  • Lightning strikes

  • Vandalism and theft

  • Explosions

  • Strong wind

  • Motor vehicles, falling objects, and aircrafts

  • Snow, sleet, and ice

For homeowners, it’s critical to know what your dwelling fire insurance covers. Most home insurance policies satisfy an extensive range of damages with a list of specific exceptions. Dwelling fire insurance reimburses losses to homes and their attached structures based on what your policy lists.

What Doesn’t Dwelling Fire Insurance Cover?

When an event occurs that is not covered in your dwelling insurance plan, your insurance company does not have a legal obligation to cover your losses. Most dwelling insurance plans do not cover floods, earthquakes, and sewer maintenance. There are specific insurance plans for these events, which homeowners should purchase in addition to their dwelling fire insurance policy. These can include flood insurance and water backup coverage.

Do I Need Dwelling Fire Insurance?

Most homeowners agree it’s better to be safe than sorry. Without dwelling fire insurance, you run the risk of covering financial damages following a disaster.

There’s no need to gamble when it comes to your home. If strong wind, hail, and vandalism are viable concerns to your home, put your mind at ease by purchasing dwelling fire insurance. Stay safe and opt for a plan that best meets your needs.

When you choose your dwelling coverage limit, consider the cost of rebuilding your home. In some cases, your dwelling coverage limit may affect other coverage limits in your home insurance in Teays Valley and its surrounding areas. Read your policy’s limitations and fine details extensively, so you fully understand what your plan covers.

Contact Yeager Insurance

Fires, lightning, and explosions, oh my! Dwelling coverage protects you from hazards that otherwise wreak havoc on your savings account. Live smarter by choosing a dwelling fire insurance plan that suits your needs. Contact Yeager Insurance and Financial Services to learn more about how Putnam County, West Virginia residents can stay protected with dwelling fire insurance.