Summer fun is here in Oregon, and so is wildfire season. Ensure you have the right Homeowners insurance in place to safeguard your home and belongings in the event of a fire. Homeowners Insurance typically covers damage caused by wildfires; however, the seasoned team of Personal Lines professionals at EPB&B will collaborate with you to help you comprehend the extent of coverage and any limitations to your current homeowners Policy, providing you with the assurance you need.
Here are some common aspects of homeowners insurance coverage to be aware of regarding wildfire damage.
- Dwelling Coverage: This crucial part of your policy is designed to assist in repairing or rebuilding your home if it’s damaged or destroyed by a natural disaster, which often includes wildfires. It typically covers the structure of your home and attached structures like a garage or deck, ensuring comprehensive protection for your property. Personal Property Coverage: This part of your policy helps cover the cost of replacing personal belongings damaged or destroyed by covered events, including wildfire. This can include items like furniture, clothing, electronics, and appliances.
- Additional Living Expenses (ALE) Coverage: If your home becomes uninhabitable due to wildfire damage, ALE coverage can help pay for temporary living expenses such as hotel bills, meals, and other costs incurred while your home is being repaired or rebuilt.
- Other Structures Coverage: This part of your policy typically covers structures on your property that are separate from your principal dwelling, such as sheds, fences, or detached garages, if a covered wildfire damages them.
- Liability Coverage: This part of your policy helps protect you financially if you’re found legally responsible for injuries to other people or damage to their property. For example, if someone is injured on your property during a wildfire and you’re found liable, your homeowner’s insurance may help cover their medical or legal expenses.
Prepare now and learn more about what you can do protect your home and loved ones in the event of wildfires.
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It’s of utmost importance to meticulously review your policy and understand the specific coverage limits, exclusions, and deductibles that apply to your homeowner’s insurance. In addition, some areas prone to wildfires may necessitate additional coverage or may have specific regulations regarding insurance coverage for wildfire damage. By taking this proactive step, you can ensure you have the right insurance coverage to protect you.