Have you checked to see if you’re covered from house fires in your homeowner’s policy? If so, are there any limitations on what you can claim in the event of a fire? If you’re not sure, then now is the perfect time to contact BJI and do a review. These are the most common forms of coverage for house fires.
- Dwelling Coverage: This includes the structure of your home as well as any attached pieces, like a garage.
- Personal Property: Most plans will cover a certain amount of property based on an estimate. This is most likely what you need to review so that you can be sure that everything you own is covered. In many cases, homeowners don’t update this part, and they are left with much less than they need to replace everything.
- Detached Structures: Other buildings on your property (i.e., detached garages, sheds) are also usually covered.
- Temporary Housing: If your home burns to the ground, or you can’t live in it while it’s being repaired, make sure that your policy will cover the cost of housing during the reconstruction period.
When looking at your insurance, it’s helpful to do an annual review to ensure that you have sufficient coverage for the price of your home and your belongings.
For example, if you got your policy when you first bought the house and it’s appreciated in value since then, you may come up short. Also, if you have more belongings than you did initially, you need to cover the difference.
Bottom Line
It’s never too soon to update your homeowner’s insurance with regards to fire coverage. Click here to contact BJI (or call 865-922-3111) today and set up an appointment. Don’t wait until it’s too late.