Does Insurance Cover Fire Damage Restoration?

Whether you are a business owner or manager, safeguarding your investment with fire protection insurance is a smart decision. It certainly comes in handy if you experience a commercial fire since the Insurance Information Institute estimates that financial losses average about $22,244. For businesses that lack the funds to rebuild, insurance also provides security when it’s needed.

As a fire restoration company, we highly recommend it since structural damage in a business can be much more costly than a residence when replacing office equipment, machinery, or stock. Is fire insurance required? What does insurance cover after a fire? If you also worry about risk mitigation, these are really great questions to consider before buying a new commercial property.

What Is Commerical Property Insurance?

Whether you have a brick-and-mortar store or work remotely in a home office, you likely have valuable property that is critical to being able to make a living. As a business owner, commercial property insurance protects your assets, both the structure and possessions within it from fires, storms, accidental damage, or vandalism. As floods and earthquakes are nature-made, you will want to speak with your insurance provider about adding weather-related policy protections.

What Does Insurance Cover After A Fire?

Commercial fire insurance covers the cost to repair or replace a building and the property within it such as office equipment, furniture, computers or electronics, inventory, signage, and third-party goods or possessions. Insurance adjusters decide what items can be repaired or need replacement. These adjusters often work closely with fire damage restoration companies to determine which items in a business can be fully restored and those that are beyond salvage.

Does Commercial General Liability Insurance Cover Fire?

If you are relying on general liability insurance to protect your business from fire loss, you will want to do research as there are clauses that reduce an insurer’s liability. General liability insurance does include fire protection, but it is valid only when the fire is caused by the policy owner. If you live in an area prone to natural disasters, you will want to speak with your insurer about adding additional policy protection that includes any type of loss, including if you are renting your commercial space, have tenants, or live in a state that is prone to natural disasters.

How Does Fire Insurance Work?

Fire insurance coverage policies pay for repairs or replacement costs or the actual-cash-value (ACV) of damages. It also pays for fire damage restoration, which can mitigate damages and repair structural damage like-new. If the fire department caused damaged, it will usually cover water damage restoration to affected areas. It also reimburses for lost stock and equipment to make it easier for business owners to lessen losses and get back to work as quickly as possible.

How Do Insurance Companies Work With Fire Damage Restoration Companies?

Experiencing a fire is stressful, so Restore Pro works directly with your insurance to minimalize your hardships. We have decades of experience with fire damage restoration. We also understand that time is critical to economic stability, both for you and your employees, so we work diligently to help you get back to work. Give us a call at 1-800-847-0114 or visit us on our Facebook page at to learn more about our services.