Finding Fire Insurance in Riverside
Riverside didn’t experience as many wildfires this year as its neighbors like San Bernardino, Fontana, Moreno Valley, and Corona, but the city is still at risk for wildfire damage each year. Your home insurance covers fires, but you have options if you’re concerned about your coverage.
The first option is to purchase a comprehensive home insurance policy (aka an HO-5 policy). This, as its name suggests, offers more complete coverage than basic or special form policies. Plus, it offers replacement cost coverage. Since many homeowners policies offer actual cash value coverage, they only reimburse you for the value of your items prior to becoming damaged, also known as the depreciated value. Replacement cost coverage will ensure that you are reimbursed for the full amount necessary to completely repair or replace your home and personal belongings. That’s true whether you’ve suffered a loss due to a fire, home burglary, or any other peril not excluded by the policy.
Another option is to purchase a fire insurance policy. Fire insurance will help pay for your damaged home or belongings. And it provides additional living expenses coverage in case your family needs to stay in a hotel while your home is repaired. These policies fill the gaps where your standard homeowners coverage falls short but will only pay to repair damages caused by fire.
If you’re having trouble securing a fire insurance policy, the California FAIR Plan provides basic fire insurance to homeowners who don’t qualify for private insurance coverage.
How to Find the Cheapest Home Insurance in Riverside
Protecting your Riverside home doesn’t need to cost an arm and a leg. It doesn’t need to take longer than a few minutes, either. Insurify’s comparison tools can make your insurance search quick, easy, and cost-effective.
Use Insurify to compare homeowners insurance premiums for your property in Riverside.