One of the most important advantages of having a comprehensive homeowners insurance policy is the protection against serious events like total loss fires that it provides. Experienced homeowners insurance agents find that when families are displaced due to a fire, having the most thorough coverage on their policy matters. A knowledgeable homeowners insurance agency will make sure their customers have the coverage that can help them most in the event of a devastating total loss fire. What Is Considered As A Total Loss Fire? Homeowners insurance agents in Texas must classify a home that has been completely destroyed by fire to be a total loss. According to Texas insurance law, this means that the damage is so significant that the home is uninhabitable and the cost of repairing it would exceed the cost of rebuilding it from the ground up. When a total loss fire happens, homeowners insurance agencies must pay benefits according to the specifics of the policy as it is written. What Does Homeowners Insurance Cover In A Total Loss Fire? Though every homeowners insurance policy is technically a total loss policy, the benefit amount paid depends on many factors, including policy limitations, the current value of the home, and what other coverage a homeowner has. A comprehensive policy developed with an experienced homeowners insurance agent will include a recent home appraisal plus inclusions for living expenses elsewhere while the home is being rebuilt, personal...