What does Fire Insurance mean? Read on to discover the definition & meaning of the term Fire Insurance - to help you better understand the language used in insurance policies.
Fire insurance is insurance coverage for fires that occur on properties. Fire insurance can provide reimbursement for property losses associated with the fire damage. Fire insurance is commonly purchased as a supplement to a standard homeowner's or renter's insurance policy. Fire insurance often covers the full replacement value costs as well as living expenses incurred while the policyholder could not live in the property.
We hope the you have a better understanding of the meaning of Fire Insurance.