What happens if a wildfire burns your house down?
What happens if a wildfire burns your house down?
FHA Disaster Relief for Wildfire Victims If your home is located in a Presidentially declared disaster area, you may qualify for the FHA 203(h) Disaster Relief Loan. The FHA 203(h) mortgage may be used to finance the purchase of a new home with no down payment and favorable terms.
Is fire insurance the same as home insurance?
More accurately, homeowners insurance is typically the type of insurance that can help pay to repair your home in the event of a fire. Fire insurance isn’t a separate policy from your standard homeowners policy. Your home insurance is built to protect you in a number of ways from fire related damage.
What happens if your house burns down and you have insurance?
Your homeowner’s insurance will likely cover items destroyed in a house fire. If you have a replacement cost policy, you’ll receive the actual cash value of your damaged items at the time of settlement [Replacement Cost – Depreciation = Actual Cash Value].
