What to Know About What Fire Insurance May Not Cover
What You Should Know About Fire Insurance Exclusions
If you’ve been through a home fire in Denver, CO, then you may be worried about what your insurance policy will cover. In most cases insurance policies will cover fire damage and restoration. However, if the home is vacant, or the fire was started intentionally, you could be out of luck. Here’s what you should know.
1. About Vacant Home Fires
Insurance companies may not cover a vacant home fire. This is often determined by if no one has lived in the house in over a month. There is good news though. Many insurance companies offer a separate vacant home insurance policy for just this type of scenario. If you have a seasonal home, or will otherwise be away for a long period of time, you can purchase one of these plans to help ensure your home is covered.
2. About Intentionally Started Fires
An intentionally started home fire is also known as arson. This is a type of insurance fraud that insurance companies take very seriously. In many cases when you make a fire claim for your home your insurance company will arrange for an investigator to determine the fire source. Once it’s determined that the fire was accidental, the insurance company can begin processing the claim.
3. About What May Be Covered
If your house fire does not fall under one of the above categories, odds are the plan will cover the damage. Your insurance agent can tell you what’s in your plan and help you take the necessary steps for restoration. In some cases, they may even be able to recommend a fire damage professional to help with cleanup and repairs.
Unless the home was vacant or the fire started intentionally, your home fire should be covered by your policy. It’s important to talk to your agent about what exactly is included, and follow any recommended steps they may have for you.