Facts About Wildfire Insurance

Most homes that are damaged in the wild fires are covered by standard homeowner's and auto policies. However there are a few facts to keep in mind when purchasing homeowner's policy so that you will be covered in case your home is damaged by wildfire.

Review Your Homeowner's Policy Yearly

It is important to review your homeowner's policy every year, especially if you have recently updated or renovated home. Also, he must keep in mind higher building cost when updating your insurance. If your home is damaged by fire, he may come up short if you do not take into consideration these higher costs. You also need to keep in mind the contents of your home, but there are limits, especially for expensive art or jewelry. It may be worth it to buy a separate policy to cover expensive items in your home.

Have Proof Of What You Own

Create a home inventory so you know exactly which you own in case you lose it. Take photographs or videotapes of your home and belongings in order to have proof be sure to put these photographs somewhere that is fireproof preferably outside of your home such as a bank's safety deposit box. This will insure that you have the proof should you ever need it. also, consider doing this if he renovated your home with difficult to find materials at this stained-glass windows or specialty molding. This is especially important if you have an historical home with period pieces.

Coverage That Most People Don't Know About

Many people do not know that comprehensive homeowners policies in an yearly pay for the cost of staying at hotels, eating, and buying clothing and other essentials if you cannot live in your home due to wild fire damage. However , it is important to check to make sure that your policy will give you enough of an allowance to get by what your home is being rebuilt . It is important to remember that you still have to pay your mortgage even if you cannot live in your home, so take this into consideration when figuring your living expenses allowance. Also, most people do not know that many policies will pay to replace trees and shrubbery lost by fire or other covered disasters. Usually, homeowners policies will pay up to 5% of the value of the structure for landscaping, however, there is a limit of $500 per plant.