What type of damages am I entitled to receive from a fire insurance claim?

In North Carolina, victims of fire damage are entitled to receive certain types of damages when making a fire insurance claim. Damages typically fall into two categories: economic and non-economic. Economic damages are the out-of-pocket costs associated with the fire, such as the cost of repairs or replacements of damaged property, the cost of temporary housing if the home is uninhabitable, the costs of rental furniture while waiting for repairs or replacements, and the costs to replace lost personal items. Non-economic damages are a form of compensation for less tangible losses, such as suffering, pain and inconvenience. These types of damages might include compensation for the loss of the use of personal property (such as a vehicle or other equipment), mental distress (such as anxiety or depression) caused by the fire, or a diminished quality of life. Before filing an insurance claim, it is important to keep accurate records of all damages and losses from the fire, as well as any expenses associated with the fire, as these will be required to determine the value of the claim. To maximize the potential to receive compensation, claimants should also get detailed estimates of the costs of repairs or replacements of damaged or destroyed property.

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What type of damages am I entitled to receive from a fire insurance claim?

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