What is fire insurance?

Fire insurance is a type of insurance that provides financial protection for a person or business in case of a property loss due to a fire. This type of insurance covers the cost of repairing or rebuilding the property, as well as replacing lost personal possessions or furniture. In Oregon, fire insurance is regulated by state laws called Fire Insurance Claims laws. These laws dictate the procedures for filing and settling fire insurance claims, such as how quickly an insurance company must respond to a claim and the amount of time a policyholder has to file a claim. In addition, the fire insurance claims law also regulates the types of losses that can be covered, including losses from fire, smoke, and water damage. Fire insurance can help provide peace of mind in the event of a property loss, ensuring that a person or business has financial protection to help rebuild after a fire.

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