Fires can happen anywhere, any time. Whether it's a forest fire or a small grease fire, flames will scare anyone. One of the reasons why fires are so scary is that they are unpredictable. Even in rainy Oregon, fires are still very common. Having fire insurance to protect you in case of a fire is one very important way to make sure that if a blaze affects you, you're covered. Before you start a search for quotes, make sure you read the information below to inform yourself on why you should have this important insurance.
Oregon Fire Facts
- In 2012, the Long Draw Fire and Miller Homestead Fire combined to form the biggest fire in 150 years, burning more than 719,000 acres.
- In 2002, the Florence/Sour Biscuit Fire burned more than 499,000 acres and cost more than $150 million to suppress.
- In 2013, there were 1,184 reported fires, burning 104,225 acres.
- One of the largest fires in Oregon history was the Singleton Fire, which burned more than 988,000 acres in 1865.
The state of Oregon has had its share of fires, which is why being prepared for a fire is important. Having adequate fire insurance in place to cover the value of your belongings is essential in recovery after a fire.
Fire Safety Tips
Below are some fire recommended fire safety tips for all Oregon residents:
- Keep fire extinguishers in the home charged and available.
- Change smoke detector batteries every six months.
- Have an escape plan prepared, posted and practiced.
- Never leave cooking food unattended.
- Keep wiring up to code and in good working order.
- Remove any dead brush/limbs from around your home.
- Never use water to extinguish a grease fire.
- Clean your chimney at least once per year.
- Repair/report any fire hazards you see.
What Fire Insurance Options Are Available in Oregon?
Fire insurance is typically included with many of your most common insurance policies. It's crucial, however, to make sure that you cover your assets with a high enough limit to offer you sufficient funds to replace or repair your assets. Here are some insurance types that typically include fire coverage:
- Home insurance: Most home insurance policies offer fire insurance to cover the structure and belongings. When you purchase your coverage, you will have two options for reimbursement: actual value or replacement value coverage. Replacement value coverage is usually more expensive but reimburses you the cost to replace your items at current prices. Actual value coverage offers you replacement cost minus depreciation.
- Renters insurance: Unfortunately, many renters don't realize the limitations on their landlord's insurance policy. A landlord's insurance policy does not cover the renter's belongings. A renters insurance policy is the only way to get insurance coverage on your personal belongings as a renter.
- Business insurance: A business insurance policy will closely resemble a homeowners insurance policy. Typically, you can get coverage for both the structure and the property inside. It's important to make sure that your business contents coverage is high enough to allow you to replace all damaged items.
- Car or truck insurance: Comprehensive insurance is the only policy that can provide coverage against fires. Lenders usually require this coverage of policyholders in order to protect their everyone's interests.
- Boat, ATV and other insurance: If you store your toys in a home or garage, you may have coverage against fire. If you do not store these items at home, you'll need a comprehensive insurance policy to have coverage against fires.
When Would a Fire Insurance Claim Be Denied?
Unfortunately, there are circumstances where insurers will deny claims. While situations as the following are rare, they do occur.
- Homeowner refused to call 911.
- Homeowner neglected to have fire equipment in the home (fire extinguishers, smoke detectors).
- Homeowner neglected in caring for the home.
How Reasonable Are Fire Insurance Quotes in Oregon?
When it comes to shopping for fire insurance quotes online to protect your belongings, you'll first need to answer some questions. Be prepared to answer the following:
- Type of asset
- Age of asset
- Size of asset
- Value of asset
- Location of asset
- Claims history
- Credit score
- Desired deductible
- Desired coverages
Insurance companies consider all of the above factors before giving you quotes in order to make sure you have the best fire insurance coverage at the best price.
Are There Discounts Available on Fire Insurance in Oregon?
Depending on the type of asset you want to cover, you may eligible for a number of discounts. When shopping for discounts, make sure to ask about the following:
- Multi-policy discount
- New customer discount
- Loyal customer discount
- Paid-in-full discount
- Industry/Professional affiliation discount
- Good credit discount
- Good driver discount
Each insurance company offers different discounts to its customers, so it's important to inquire about any discounts you may be eligible for.
Make Sure You Have Coverage
Fire insurance is an important part of fully protecting yourself and your assets. Having a professional guiding you toward the right coverage can make all the difference. A Trusted Choice® agent is always available to help you find policies, suggest changes and even help you file a claim.
Contact your neighborhood Trusted Choice agent to get more information and to make sure you protect your home and assets with fire insurance.