The Different Types Of Fire Insurance Policies

By : europeanproperty

Photo by Thomas Ehling on Unsplash

One of the worst things that many of us can imagine is a fire at our homes, whether we own our house or rent one, losing everything we own and potentially losing our loved ones and pets is a reality none of us would ever want to face.


This tragedy strikes fear in anyone’s hearts. One of the reasons This Is Us is such a popular TV show is that the tragedy that shapes the family’s future is a fire at their home.


One of the things that can make a home fire so much worse is a lack of insurance. While most homeowners will be compensated for most of what they lost, renters may not see any kind of recourse. While nothing will solve that devastation, stress and grief is piled on when renters can’t even afford to buy new clothes and a new laptop to get their life back on track.


For this reason, it is important to have fire insurance and a renters insurance policy. However, there are some nuances to different types of fire insurance policies. We are going to walk you through them.

Fire Insurance Policies

Fire insurance is covered under renters insurance in most places, although it is always important to check if you need to have additional coverage in the case of fires.


Fire is one of the main perils that is covered under most policies. Like all insurance policies, it is always important to read the fine print and see what you are actually buying.


Fire insurance is covered under most homeowner’s insurance policies, as well. So if you are a homeowner, you can check with your insurance agent, but the likelihood is that you are in fact covered in case of a fire.

What Fire Insurance Covers

Fire Insurance covers your home and your belongings up to a certain dollar amount as defined by your insurance policy. If you have very expensive belongings in your home, you can ask for additional coverage, and that additional coverage will protect those belongings from those named perils listed.


However, it is important to note, that if the fire department announces that the fire was arson, you will not get your money until the investigation is complete. If you are found at fault for the arson, then you will not be getting a payout of your insurance policy for any of your items.


While insurance is a great tool to keep us all as safe as possible – it is important that you do not try to take advantage of it. Detectives are very adept at determining arson, and usually, you will be their first suspect due to the high number of insurance fraud cases across the country every year.

Additional Coverage

Buying additional coverage is advantageous as it can cover smoke and water damage whereas traditional fire insurance does not. This is particularly helpful if there is an automatic sprinkler system in your building that will be triggered by a blaze.