What is the difference between regular home insurance and home fire insurance?

Answer 1

Essentially, they are the same thing. When speaking about home insurance most agents, and insurance companies, will use the terms interchangeably - initially when home insurance was created they called it fire insurance, as only fire damage was covered. Later, they added more coverages other than fire, but they kept the term "Fire Insurance".

Remember, if you are purchasing home insurance, it is important to educate yourself on the difference between the standard homeowners insurance coverages and basic home fire insurance.

These terms can also be meant to differentiate between landlord coverage and owner-occupied coverage - Landlord Coverage / Insurance is usually for the dwelling only and specifically will cover fire damage and liability - Owner Occupied coverage will normally come in a packaged policy with different forms and perils covered besides fire.

While the price difference between each type of policy can be significant, ensuring you are adequately and correctly protected is extremely important.

Your home is perhaps the largest investment you will make within your lifetime. Quote numerous forms of home insurance and choose a plan that will provide you with comprehensive coverage and peace of mind.