Two Types of House Fires That Don’t Have Insurance Coverage
Two Exclusions On Many Fire Insurances
A home fire in City Heights, CA, can be scary and devastating. A disaster like this happens unexpectedly, but insurance can help you recover quickly and effectively. Homeowner’s insurance can cover the expenses after a fire, but there are a few stipulations. By being aware of the main two exclusions on many fire insurances, you can get the most out of your policy.
1. Vacant Home Fires
Most insurances will not cover the expenses of fire damage if the house has not been occupied for more than 30 days. If your insurance company finds evidence that your home has been vacant for longer than that period, there will be no coverage.
For homes that are used strictly as summer or winter vacation homes, it’s wise to do some research and find a policy that will defray the costs if a home fire were to occur. Many insurance providers offer great options such as vacant home insurance.
2. Arson Fires
If there is evidence that your home was deliberately set on fire, insurance will not pay for the damage. Some people may choose to create a fire just to collect insurance money, which is why this rule is enforced. After a fire, investigators may be sent to your home to determine the cause.
The Importance of Understanding Your Policy
To be a responsible homeowner, it’s important to know and understand your insurance policy so that you can be aware of the benefits and exceptions. Most homeowner’s insurance can cover the costs of rebuilding and restoring your house. If the damage to your home is too severe, most policies cover the cost of living elsewhere while your house is being worked on.
Aside from the two exclusions mentioned above, compensation will be provided for most fire repairs. If you are not sure what coverage your policy has, research or contact your provider to clear up any confusion. By knowing the exact provisions of your insurance policy, you can be more prepared in the event of a home fire.