Home fires are one of the most destructive forces that can move through a home. Fire consumes all and often leaves nothing of value behind. It claims not only personal property but sometimes lives. Because of this, it is arguably a property owner’s worst nightmare.What makes the situation even worse is when insurance companies give people the runaround. This not only extends the time needed to resolve the issue but sometimes leaves people homeless in the interim.
What homeowners insurance covers
Allstate reports that there are roughly 355,400 residential fires every year. Common causes of these include accidents with flammable materials or even problems with the electrical wiring of the home. Here are the items insurance usually covers:
- Dwelling coverage: The home itself and structures attached to it, such as a garage or mother-in-law suite gets covered for rebuilding and repairs.
- Detached structures: From fences to sheds, these structures are usually also covered as part of the property.
- Accommodations: If the home is no longer habitable, the insurance company may help to pay some or all of the costs of living elsewhere, depending on the policy.
- Personal belongings: Insurance may also help to replace personal items lost in the fire, but it is important to ensure the company had the correct value of these insured in the policy.
What to do when faced with a fire’s aftermath
After a fire destroys a home, the first response many people have is panic, grief or a combination of both. This is natural. StateFarm, however, reminds families that it is important to find somewhere to stay.
Contacting the insurance company is also important as the company may cover some of the expenses. Next, take a good look at finances and recover all possible possessions when it is safe to do so.
Insurance companies give a lot of useful advice for preparing for crises. However, how well this advice works depends on the company’s commitment to paying more than lip service to its customers. Unfortunately, many are more concerned with protecting their incomes than protecting American families.