Is Fire Insurance The Same As Homeowners Insurance?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaIn insurance jargon, fire insurance is the larger group with homeowner’s being one of the fire insurance policies available. This is often referred to as “hazard” insurance by our colleagues in the banking business. It is also known as property insurance. The reason the larger group is called “fire” is because that is the basic peril insured and is included in almost every policy.Answered on August 13, 2014flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482A very broad group of Property Insurance Policy Forms are referred to as "Fire Insurance" in large part because that is the first common covered peril listed in these policies. A "Homeowners" policy is sometimes referred to as this or as a "Hazard Insurance " Policys well. Homeowners however is specifically coverage for single family dwellings that are the primary residence of the property owner.Answered on August 13, 2014flag this answer
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