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Fire & Water - Cleanup & Restoration

Does a Renters Insurance Policy Cover Fire Damage

5/15/2019 (Permalink)

Fire damage in East Greenwich,RI

Does a Renters Insurance Policy Cover Fire Damage

While a fire is hard enough on a homeowner, it is especially difficult for a renter who doesn’t exactly own the property that they reside in. However, most renters will have renters insurance policies. Although, many people don’t understand whether they are covered for fire damage or not. Fortunately, most policies have what is called peril coverage, and this often results in renters being covered for fire losses. However, it is essential to understand what constitutes losses.

1. Personal Property and Loss of Use

Most policies will cover personal property and loss of use due to fire damage. Therefore, if you can prove the loss of your computer or other valuables, then you are likely covered. Additionally, if the fire forces you out of your apartment for an extended period of time, then your policy will likely provide some funds for alternative living arrangements.

2. Liability

There is an aspect of most renters insurance policies that will protect the holder from liability, meaning that if you accidentally caused the fire, you will not be held personally and financially responsible. Therefore, your policy will cover the damage rather than the expense coming out of your pocket.

3. Medical Expenses

Additionally, if others were hurt as a result of a fire that you accidentally started, your policy will likely cover their medical expenses up to a certain point. Your plan should also provide some protection for you in these circumstances.

4. Restoration

Beyond protecting you against liability and medical expenses, your policy will typically assist with some of the restoration expense. Contact a fire restoration specialist in the East Greenwich, RI, area or your insurer to discuss potential coverages.

A renters insurance policy is a useful tool, especially in situations where you were inadvertently at fault. However, these policies are overall protection against a wide array of perils that were either caused by you or the property owner. Having insurance ensures that you and your property are protect

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