Why Is Fire Insurance Important? 

A fire is one of the most devastating disasters a property owner can face, wiping out years of hard work and investment in mere minutes. No one wants to imagine such a scenario, and preparing for it is crucial.

At AR Insurance Solutions, we’re here to guide you on the basics of fire insurance and why you may need it.

What Does Fire Insurance Cover?

Fire insurance policies may vary depending on the insurer, but they generally cover damage caused by lightning, vandalism faulty wiring, gas issues and natural disasters. Depending on the policy, coverage may extend to the following:

• Structural damage, which may cover the costs of repairing or rebuilding the property, including walls, roofs and floors

• Personal belongings, which may pay for the repair or replacement of your appliances, electronics, clothing and furniture.

• Short-term accommodation, which may cover food, shelter and other expenses if you have to move out after a fire.

Fire insurance may not cover the following:

• Arson

• Nuclear incidents

• War

Insurers may also exclude or limit coverage to homes located in wildfire-risk areas.

Why Do You Need Fire Insurance?

While California does not require homeowners to purchase fire insurance, your lender may still require you to submit proof of policy. Even without a requirement, there are multiple reasons to have fire insurance. These include the following:

• You want additional fire protection. A fire insurance policy may offer extended limits on top of your standard home insurance.

• You own an old house. Older properties may have been constructed under old building codes. Hence, a fire policy may help you comply with new building codes.

• Your property has unique features. You may want to extend your property’s coverage limits if you have customized features, as repairing or replacing them might be costly.

• You have valuable belongings. Expensive items like artwork, jewelry, and specialized equipment may exceed your coverage limits, requiring additional protection.

Contact AR Insurance Solutions to learn more or to get a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.