How Renters Insurance Can Help With Fire Damage

5/28/2020 (Permalink)

How Renters Insurance Can Help With Fire Damage

A fire can do serious damage to your Rosemont, IL, rental home. Fortunately, renters insurance can help you get through this stressful time.

Coverage
The landlord's insurance will cover fire damage to the structure itself, but the renter will be responsible for certain other costs. There are a variety of expenses that fire insurance covers, including the following:

• Contents restoration
  
• Temporary relocation
  
• Liability
  
• Small medical payments
  
  

The contents of the rental home, including furniture, clothing, etc., are covered under a renters insurance policy. This means that you will receive funds to repair or replace damaged personal property up to the coverage limits listed in the policy. Some policies will cover what it costs to replace the items, but other policies only pay what the items were worth prior to the loss, known as actual cash value. Many policies also cover the costs of living arrangements during the restoration period. Additionally, fire insurance may provide the policy holder with liability coverage in the case that he or she accidentally causes a fire that results in a loss for a third party. Some policies will also pay small medical costs incurred by a third party without having to establish liability. Talk to your insurance agent to make sure you fully understand the details of your policy.

Contents Restoration
The items in your home are made of a variety of materials. In addition to furniture, you may have electronics, antiques, and important documents that need to be restored following fire and water damage. Fortunately, there are a variety of cleaning and drying methods available, including the following:

• Dry cleaning
  
• Vacuum freeze drying
  
• Vacuum thermal drying
  
  

A professional can help determine what can and cannot be salvaged and the best fire restoration techniques for your possessions.
Although getting your life back to normal after a fire can be a daunting task, renters insurance can help you financially. Additionally, a certified restoration team can help you restore your belongings to pre-fire condition.