| Fires can have devastating consequences for any | | | | remember is that no matter how great your losses the |
| family. Even if no loss of life or serious injuries are | | | | most you can recover will always be the maximum |
| caused from the fire, you may still end up losing a large | | | | value of your policy. For example, if your home policy |
| portion of your belongings and it may very well result in | | | | offers protection up to £100,000 then you can |
| you becoming homeless. Thankfully, if you have home | | | | only receive monetary reimbursement in the amount of |
| insurance, much of what you've lost should be | | | | £100,000, even if you're out £300,000. |
| covered. | | | | That's why it is always important to purchase the |
| Basics of Home Insurance | | | | most insurance you can afford. Take an inventory of |
| Generally, insurance providers divide home insurance | | | | the value of your property and of the cost to rebuild |
| coverage into two separate components: these being | | | | your home in the event of a fire or other devastation. |
| buildings and content. You need to look carefully at | | | | That should be the amount of coverage you purchase. |
| your policy because some companies combine both | | | | Consider increasing your coverage every couple of |
| components while others sell each one separately. | | | | years to account for inflation. |
| Never take for granted what your policy covers, | | | | Other Coverage Issues |
| always read the contract carefully. | | | | Of course, before the insurance will pay for any |
| If you have the buildings component of your home | | | | damages, you will have to go through the claims |
| insurance, then your insurance should cover the | | | | process which can sometimes be very intimidating. If |
| repairing of your home's structure or it's rebuilding up to | | | | the cause of the fire is easily identified and is clearly |
| the total amount of your policy. That will also apply to | | | | not your fault, then your process shouldn't take too |
| other buildings or permanent fixtures on your property, | | | | long. Quotes will have to be acquired and you will |
| such as swimming pools or garages. If these parts are | | | | probably be asked to provide documentation of the |
| damaged from the fire as well then those costs will | | | | items you lost in the fire. |
| usually be covered by this portion of your policy. | | | | However, if there are any questions about the fire's |
| Remember that only the structure of the garage will | | | | cause, this could delay your claim. Make sure you have |
| be covered - not anything that was inside. | | | | read your policy and know under which circumstances |
| With the content component, you will also be able to | | | | your policy does not have to pay. You don't want to |
| file a claim for the loss of anything you owned that | | | | find yourself receiving any unhappy surprises at this |
| was inside the house, including electronics, clothing, | | | | time in your life. |
| furniture, appliances, etc. This portion may also cover | | | | Additionally, you will be expected to cover the |
| anything that was damaged in your garage, such as | | | | deductible outlined in your policy before any of your |
| your car or lawn care equipment. | | | | claims can be paid. |
| With both of these policies, the most important thing to | | | | |