How well protected are you against fire damage to your house? Most homeowners mistakenly think their homeowner's insurance protects them from fire loss, but homeowner's insurance differs from fire insurance. Homeowner's insurance covers just the contents of the house like furniture and home appliances. Fire insurance is more comprehensive because it covers the contents plus the structure of the home. So in the event of a fire, a home fire insurance coverage ensures you are compensated for losing the house plus everything inside. 

What Types of Fires are Covered?

A fire insurance cover protects your home against any accidental fire as long as it is not arson. The fires that qualify for compensation include:

• Kitchen fire 

• Gas leaks and explosions 

• Electrical fires from faulty wiring 

• Candle fires 

• Fires from faulty appliances 

• Lightning fires 

• Firework accidents 

What Does it Cover? 

A home fire insurance plan covers all damage caused by a fire, including structural damage and the home's contents. The contents could be appliances, electronics, furniture, fittings, and fixtures. 

The fire insurance plan aims to restore your position to where you were before the fire. It includes repair and rebuilding your home to a state that is as close as to how it was before. The cover will also restore all the items that had been listed. The cover will also pay for damage caused when fighting the fire. It includes water inundation by the water used in fighting the fire. The plan also covers other structures on your property, including gazebos, the garage, and the garden shed. 

A home fire insurance coverage also takes care of your family's living expenses outside your home. These costs include hotel charges for boarding and lodging or rents for temporary accommodation at a rented house. The cover also takes care of other costs that are directly related to the tragedy. For example, if your relocation forces an increase in your commute, the plan compensates you for the extra costs.

What Determines the Cost of Fire Insurance Premiums?

The main factors that determine the insurance costs are the value of your home and how far you are from a fire station. An insurance valuer assesses the value of your home and the contents in it to determine the premiums you will pay. The distance from a fire station matters because the shorter the distance, the faster the firefighters will get to the scene and minimize the fire damage. 

Are you concerned about the possibility of fire damage to your property? Talk to your insurance agent about home fire insurance coverage.