Can You Just Get Fire Insurance On Your Home
Can You Just Get Fire Insurance On Your Home . If you need to claim, your home insurance provider will pay to cover the cost of repairing, rebuilding or replacing any part of your home’s structure. The payout you receive from a total loss depends upon the amount of your insurance coverage, the type of coverage you have, the value of your property at the time of the loss, the insurance adjuster’s opinion of how much your home and personal property are worth, the circumstances surrounding the fire, and whether or not you plan to rebuild. from venturebeat.com Depending on your level of coverage, you can be reimbursed for either the cash value of your home, or for the cost of replacing it after a disaster, according to farmers insurance. Companies are using more underwriting information to better access potential risks. For example, if you purposely set fire to your home, your homeowners insurance will not cover the damage to your home that you caused.