Vulnerable Homeowners Must Know: Fire Policy Truth Exposed

Most homeowners fire policies include 4 core coverages: dwelling, personal property, loss of use (ALE), and liability. The payout depends on your policy limits and whether coverage is replacement cost or actual cash value, and disputes often arise over exclusions and valuation. This article explains common fire-loss policy types and what to know before or during a claim.

Ray Hrdlicka – Host – Attorneys.Media

“So, another type of practice that you handle is the fire-loss cases. It’s probably not as prevalent as personal injury cases, but it’s life-changing to the person that’s involved with this, of course. Start, maybe at the beginning, and say what type of insurance policies? Since that’s going to be, obviously, who you litigate against, the insurance company…who provided the policy to the policyholder. What different types of coverages are there in this fire-loss case?”

Spencer Freeman – Fire-Loss Attorney – Pierce County, WA

“So, the fire-loss cases center around a homeowner whose house has burned down. Generally speaking, what you are dealing with is homeowners insurance coverage. And there can be different types of policies. A policyholder could have an actual cash value policy, or the policyholder could have a replacement value policy. And that dictates how much is available to the homeowner as a result of the loss.”