When would homeowners insurance not cover fire damage?

8/20/2020 (Permalink)

When would homeowners insurance not cover fire damage?

The only time your insurance won’t cover a fire is if you, or anyone named on your policy, caused the fire on purpose. That’s considered an intentional act and is never covered in insurance.

Btw, take note of the difference between open perils and named perils.  A HO3 policy has ’open perils’ coverage for your home structure (dwelling coverage), which means the structure of your home and extended structures are covered for every kind of damage, except for the specific exclusions listed in the policy. When it comes to your personal property, you’re covered under a ‘named peril’ policy. Named perils are a bunch of bad things listed in your policy that could happen to your home structure or your personal property. These perils include fire or lightning, windstorm or hail, explosion, riots, aircraft, vehicles and smoke and a bunch of other things we hope will never happen. 

https://www.lemonade.com/blog/fire-damage/

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