What To Know About Fire Damage and Your Renters Insurance

2/7/2022 (Permalink)

Fire damage in a home in Dickson, TX.

Fire Damage and Your Renters Insurance

When your rental suffers fire damage in Dickson, TX, you may be wondering if your renter's insurance will cover the damage. Your exact coverage will depend on your policy type, however, here are a few things you may be able to expect.

1. Parts of the Insurance Policy

There are many parts to an insurance policy you should be aware of. Personal property coverage is for the items you brought into the rental unit, while structural coverage is for the physical building. Liability coverage may be included in case you are found personally at fault for the fire. A loss of use clause may be included to provided funding in case the home or apartment is rendered uninhabitable.

2. What May Be Covered

Most renter's insurance policies commonly cover the costs needed to replace personal items. Depending on your policy they may even cover the cost to hire a fire restoration service that can help with cleaning and repairs. Some services may even help salvage personal items. Your renter's policy may also include liability and loss of use depending on the circumstances, and severity of the fire.

3. What May Not Be Covered

Many renter's policies are designed to cover only that which the renter is reasonably responsible for. This means that things such as structural damage may fall under the landlord’s insurance policy. Fortunately, many insurance companies will work together to help ensure the process goes smoothly. It is considered the renter’s responsibility to have an insurance policy in the first place as well as to keep it up-to-date.

It’s important to remember that your renter's insurance coverage will depend on your policy. However, in most cases, fire damage to personal property will be covered along with some repair and restorations costs. Your landlord’s policy should cover the damage to the structure itself. As the policyholder you are considered responsible for knowing what your policy contains.