When you purchase a homeowner’s insurance policy in Irving, TX, it is likely that you will have some coverage for fire damage. Most policies offer fire damage insurance coverage that addresses the primary concerns associated with a fire, but the details of your policy can impact the amount that you can claim.
Basic Plans
Regardless of the specific policy that you purchase, you should have a basic plan that pays for the damages to your property up to a certain dollar amount and the losses associated with personal belongings that are burned in the fire.
The amount that you can claim for your personal belongings can vary based on the type of policy that you purchased. For example, if you purchased a replacement value policy, then your insurer will pay for the full cost of replacing the items that burn as long as it does not exceed the maximum amount listed in your policy. Generally, the maximum amount for personal belongings is a set percentage of the total coverage.
Additional Coverage
If you are worried that your policy does not offer enough to repair or replace the entire cost of items in your house, then you can purchase additional coverage for specific items. Your insurance coverage may have limitations when it comes to expensive items, like jewelry or a bicycle, so you might want to add the items to your policy as a separate purchase so that you can replace those items as well as the other personal belongings.
Most insurance policies will offer coverage against fires, but the actual scope of your coverage and the details associated with the situation can vary based on the plan that you purchased. Contact us today to talk to an agent to learn more about your policy options.