In the wake of the devastating wildfires in California, AccuWeather reporter Ashley Williams wrote an article informing homeowners what they need to know about fire insurance. Williams interviewed Clearsurance co-founder and CEO Michael Crowe on wildfire coverage and what to consider when filing a claim
Below is an excerpt from the AccuWeather article:
Insurance will typically offer coverage for your dwelling, which includes your house and attached structures like garages or decks, according to Allstate. Dwelling coverage may also help pay for any repairs or necessary rebuilding.
“If a wildfire damages a home, a standard homeowners policy typically covers the cost to fix the damage and replace any belongings that were damaged or destroyed as a result of the fire,” said Michael Crowe, CEO of Clearsurance, an online publisher of insurance consumer data.
If the home is left uninhabitable, Coverage D in a standard homeowners policy, which covers loss of use, is designed to help homeowners with additional costs of living expenses, according to Crowe.
“Some of the expenses that may be included are hotel accommodations, additional meals that exceed the regular cost of living, pet boarding, storage fees and laundry bills,” said Crowe, who added that it’s important to keep all receipts for these expenses.
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