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Fire & Water - Cleanup & Restoration

4 Facts About Renters Insurance and Home Fires

2/4/2019 (Permalink)

Fire damage in Factoria, WA

4 Facts About Renters Insurance and Home Fires

If you’re renting a house or apartment in the city of Factoria, WA, then you’ll be happy to know that if you have renters insurance your policy will cover you in the case of a home fire. While you might think you will be okay without insurance when renting, if a fire were to happen you would have to pay to replace your belongings and for a place to stay while the fire restoration company repairs your home. If you want more information on how a renters insurance policy can help you in the case of a home fire, read the following four facts!

1. You Are Compensated for the Replacement Value of Belongings

Luckily, most insurances will give you the amount of money it would cost to replace your belongings rather than their current value. For example, rather than getting the value of an old, outdated television, you will get the amount of money necessary to replace the TV with a new one.

2. You are Covered for Any Damages You Are Liable For

If the fire was caused as a result of something you did, your renters insurance will cover the money you would owe to the landlord for fire damage or neighbors who were injured in the fire.

3. Your Stay Somewhere Else Is Paid for

If your place of residence is deemed uninhabitable, your insurance will pay for the time you spend at an apartment or other location while your home is being restored.

4. Arson Is Not Covered

As you would probably assume, insurance will not cover you for a fire you started in your own home on purpose. However, if you start a fire on accident you will be covered.

While it is easy to assume that a fire will never happen in your home, it can happen to anyone. That is why it so important you have renters insurance to cover any costs that might accrue as a result.

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