Tuesday, July 07, 2015
By their very nature, wildfires can inflict widespread destruction, often damaging property beyond repair. As such, homeowners in wildfire-prone states should purchase enough homeowners insurance coverage to completely rebuild their homes and replace all of their personal possessions, say the experts at the Insurance Information Institute (I.I.I.).In a standard policy, “you are covered for damage to the structure of your home and your personal belongings, as well as for additional living expenses if your home is damaged to the point where you can no longer live in it,” explains I.I.I. Senior Vice President and Chief Communications Officer Jeanne M. Salvatore.
Cars either damaged or destroyed by fire are also covered under the optional comprehensive coverage portion of an auto insurance policy.
Having an up-to-date home inventory - a detailed list of your personal possessions and their estimated values - can make filing a claim following a catastrophe such as a wildfire easier and more accurate.
Source: I.I.I.
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