A fire can have a devastating impact on a person's life. In its aftermath, an individual may be left without a home or business, and the fire may have destroyed many prized possessions stored within the property itself. Those who have fire insurance may be able to get help rebuilding their homes and their lives after such an event. However, an insurance company might try to claim that a policyholder committed arson and is not entitled to a payout.
Many people around the country are likely aware of some of the deadly fires that claimed lives and property in California in 2017 and 2018. This has caused insurance costs to soar for some homeowners.
Those who have an insurance policy may feel at ease knowing that there is financial protection in case of emergency. However, the process of filing a claim after a natural disaster or other event that causes damage may be confusing to policyholders. The first step in the process is to review the policy itself to get a better idea of what it covers and what it doesn't. It may be possible to do so with an insurance agent or legal counsel.