House fires can be devastating. In the blink of an eye, you watch your belongings go up in smoke. You’re left with scared children and nothing but what was in your car. In some cases, renters insurance in Hailey, ID may be able to help.
Covered Events
Policies usually have a list of covered events, which often includes a house fire. Policies have certain exclusions, such as not covering events that were intentional. That means if someone in your family set the fire, it won’t be a covered event. An agent here at Harrison Insurance and Financials LTD can help you learn more.
What Does Renters Insurance Cover?
Most policies cover your personal belongings. This includes furniture, clothing, picture frames, and other things inside the house. However, there are often exclusions for high-ticket items, such as art collections, jewelry, or electronics. Renters will have to purchase additional coverage for these items.
There are also coverage limits to consider. A policy will only replace your belongings up to the coverage limits. For example, if your coverage limit is $10,000, but there is $15,000 worth of damage, you’ll have to pay the remaining $5,000.
Policies may include additional living expenses. This will cover the cost of temporary lodging and may include additional expenses you incur because you can’t live in your home, like food or extra gas to get to work.
Policies usually vary per company, so it’s important to work with an agent at Harrison Insurance and Financials LTD to ensure you have the necessary coverage before there’s a fire. Contact us today. We’re currently serving the Hailey, ID area.
