A magnificent fireworks display is a fantastic way to end a red, white and blue themed party.
Families and friends across the country are preparing to celebrate July 4th and should understand their coverage against fireworks damage to ensure that if something goes wrong, it will not lead to financial ruin.
The National Fire Protection Agency says it’s the biggest day of the year for home fires.
Damage from fireworks is a serious risk. While extra precautions can help prevent disasters, it’s still important to understand your coverage and make sure the right protections are in place. Data from the National Fire Protection Agency shows that July 4 has more home fires than any other day of the year. In addition, half of these fires are caused by fireworks.
The first thing owners should do – especially if they are planning to include a fireworks display as part of their celebrations – is figure out how to use them safely. Having said that, even when everything is done correctly, accidents can still happen. For this reason, it is very important to know the details and exceptions of your home insurance.
Understanding the details of home insurance regarding fireworks damage coverage is essential.
Standard home insurance policies include coverage against a range of different hazards, including fire. Having said that, it doesn’t mean that if something were to happen, the insurance company will just sign off on all the associated expenses. Certain types of damage caused by firecrackers may be excluded from a homeowner’s policy. As a result, it means that repair costs can become personal expenses.
The insurance industry recommends that homeowners review their policies before the celebrations begin. If you have any questions, contact your insurance agent or company representative to explain the policy details and exclusions. This way the policy can be updated to ensure appropriate blanket to cover your needs. Plus, should the worst happen, you’ll know exactly what to expect from your insurer.
Of course, any fireworks damage coverage will only remain in place if the firecrackers causing fire or injury were legal. Legality depends on state laws, so these should also be checked before a home fireworks show. If illegal fireworks have been used, the resulting injury or damage will not be covered under a standard home insurance policy.