One of the highlights of a dwelling fire insurance policy is coverage for fire, both inside and outside the property. In most cases, the policy covers fire and a few other emergency disasters – not flood or significant hurricane, damage, but this does vary a bit from region to region. Also, fire damage may not be covered for certain purposes (electric wiring, for example), and other limitations may apply as well. If possible, dwelling fire insurance helps cover losses caused by damaged, collapsed, or destroyed property, and in most cases, the policy limits for fire, smoke, and water damage in Cincinnati, OH are determined on the premises of the property. 

In the event the policyholder is unable to cover any losses, the policyholder is required to file a claim with their insurer. Regardless of the property’s value, the policyholder’s uninsured loss coverage limit applies. If the policyholder’s uninsured loss coverage is not depleted during the insured loss period, all losses are covered under the policyholder’s own deductible. 

Does a dwelling fire insurance policy cover every cause of the insured loss? Contrary to what you might think, dwelling fire policies are not designed to protect against all of the issues related to loss in the home caused by fire. Claims must be investigated and filed in order to protect policyholders. These policies are loosely based on the premise that you are entitled to an adequate level of damages without having to exhaust the other coverage available to you. This is in line with a standard home insurance policy, however, it is a nuanced variation that expands on many of the other coverage options available in standard policies.

Dwelling fire insurance is usually not able to provide protection against losses caused by earthquakes and some other natural calamities, but they do typically provide some protection from hurricane and wind damage. To be sure about what is covered and what is not specific exclusions, and the like, you should check with your local Advantage Insurance Network agent serving Cincinnati, OH to help you decide on the policy that is best for you.