Almost all fire insurance has four areas of coverage, the insuring agreement, the definitions, the exclusions and lastly, the insurance conditions. The first area would be the dwelling and the second area would be other structures like a gazebo, detached garage, guest house and others. For the third area, it would be the personal property or the property that the insured would have in the home when the fire took place. And lastly would be what they call loss of use or additional living expenses and that coverage helps to pay for the insured to move out and live somewhere else for the period of time it takes to repair the structure before they can move back. An additional coverage by way of endorsements can also be availed which might add some important coverage for furs or jewelry because the policies will limit the amount of coverage for those and also for code upgrades. This is an important coverage area that the insured should try to acquire because if the home is damaged or significantly destroyed, sometimes other states require different construction than it would take to just put it back together as it was before. Because of that, the insurance company or provider will deny that code upgrade coverage unless there is a specific endorsement providing that coverage. There are some insurance companies that provide that coverage but in a limited basis, and most of the time, the losses are much more than the amount paid by the insured.
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