After the fire is entirely extinguished and you contact your insurance company to report the damage, you may take several steps to secure your property from further damage or theft: Use tarps to cover openings, particularly on the roof. Board up broken windows or doors with plywood. If you cannot live in the home, temporarily […]
Unless your policy states otherwise, you don’t have to rebuild in the same place. However, the payouts may differ according to replacement costs vs. depreciated value. If you choose not to rebuild, you are still responsible for paying the remainder of your mortgage.
Most insurance companies will cover at least some of the costs to remove debris, but many impose limits. Some carriers consider debris removal an endorsement or additional coverage. Check with your insurer to see how much they will pay.