Does Homeowners Insurance Cover Wildfire Damage?

One of the most common causes for claiming insurance coverage in the USA is wildfires. A single wildfire can cause humongous losses in terms of property and life. According to the latest report, wildfires are expected to become more intense and frequent due to massive land use and climatic changes. There will be a 14% increase in wildfires by 2030, and the numbers are expected to increase by 30% by the end of 2050 and by 50% by 2100.

It is evident from these figures that more numbers of homes and people will be at risk of losses or damages from wildfires. In such a situation, you must know whether you have homeowners insurance and wildfire coverage. Including wildfire coverage in your homeowners insurance policy is highly recommended for better and more extensive coverage.

How Does a Homeowners Insurance Cover Wildfire Damage?

The coverage offered by a homeowners insurance policy for fires also applies to wildfires. And here are some things a homeowners policy covers under damage caused by fires.

  • Dwelling Coverage and Detached Structures

    Along with your home, the detached property structure, like the garage or the fence, is also covered under wildfire damage in the homeowners insurance policy. Coverage A covers the home, and Coverage B covers dwelling coverage and other structure coverage. Talk to your insurance agent about policy limits and confirm that your home has sufficient coverage.

  • Personal Property

    Suppose personal property like furniture and clothing get destroyed in a wildfire. In that case, it will be covered under a homeowners insurance policy under Coverage C. Personal property coverage accounts for 50-70% of the dwelling coverage. Sometimes you might have items stored outside the home in a storage unit. The policy will offer a small percentage of coverage if the items are damaged. However, there will be no coverage for high-value or personal items used for business.

  • Additional Living Expenses

    Homeowners insurance wildfire coverage includes additional living costs. You might be temporarily displaced from your home during a wildfire. Under this coverage, your expenses, including grocery or restaurant expenses, hotel costs, pet boarding fees, etc., will be covered if your home is uninhabitable.

When Does Homeowners Insurance Not Cover Wildfire Damage?

There are many areas in the USA where the risk of wildfires and damages inflicted by them are high. It is difficult to find homeowners insurance wildfire coverage in such areas. If you are a resident of such an area, you will need a Fair Access to Insurance Requirements (FAIR) plan to have the required coverage.

How to Prevent Home Damage from Wildfires

Here are some tips to help prevent home damage during wildfires:

  • Have functional sprinklers in the home.
  • Install a smoke detector and keep a fire extinguisher handy.
  • Maintain your fireplace or wood-burning stove.
  • Keep the gutters clear of debris and leaves.
  • Stow away all combustible materials from open flames.
  • Keep the surroundings clean and free from clutter.

Get Informed about Homeowners Insurance Wildfire Coverage with Us!

For detailed insights into homeowners insurance wildfire coverage specific to your location, look no further than Family Financial Insurance Group. Our knowledgeable team is ready to provide you with the information you need. Contact us today to discuss your insurance options and ensure your home is protected.

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