Fire coverage for your home is imperative for many homeowners, and it is a very important thing to have. If you want to know why this type of coverage for your property is so important, there are statistics that can easily convince you of the damage that fires can cause, and the frequency of home fires each year. According to the U.S Fire Administration, there were more than 360,000 residential fires just in 2010. All of these home fires accounted for $6.6 billion worth in damages. The organization also reports that 166,000 of these fires were cooking related, 46,000 were fireplace related, and 26,000 were the result of electrical issues.
Many daily activities that home and business owners partake in can lead to fires in the home, and no home or business holder wants to have to deal with that misfortune if it can be avoided. Cooking and excessively using the fireplace are not the only activities that put people at risk. Burning candles or incense can also pose a very real threat, as you can forget about the candles which can lead to the fire.
Also, many people think that they can eliminate the risk by installing smoke alarms in their homes or businesses. The truth is, smoke alarms may not actually be enough. If the smoke alarm is fully functioning and working properly than it can be a very good warning tool to alert you to a fire, and can give you enough time to get you and your family out of the home to call the fire department. But, the fire can also spread very quickly, and even though you’re getting a heads up, this fire can still critically damage your property and leave your home or business in ashes. For the sake of your property, don’t believe that only having a smoke and carbon monoxide detector will prevent a fire or give you enough time to put it out.
Having fire insurance can leave you with a peace of mind that you will be taken care of if something were to happen to your property. If the worst had happened and your house had completely burned down, where would you go? It is always heartwarming to know that your relatives will help you in this instance, but what if you don’t have those resources? What would you do? Most homeowner’s insurance policies that cover fire loss come with a benefit of reimbursed additional living expenses. As an example, if your home was destroyed after a fire loss, a fire insurance policy will often pay for the increase in living expenses such as the additional cost of hotel stays and restaurant bills.
A home fire is very common, but that doesn’t mean that it is necessarily going to happen to you. If it does, having fire insurance will help you cover your financial losses and serves as a safety net that no home or business owner should go without.
If you have recently experienced fire damage to your property, it is important to call in a professional restoration company with experience in the field of fire damage restoration.