Renphoto | E+ | Getty ImagesWhat homeowners and renters insurance likely coverThe typical homeowners insurance policy has two coverage areas.
The second is for liability; this covers you if you're liable for injury or property damage to another person, perhaps a friend or neighbor harmed by an errant firework.
Fireworks caused $59 million in direct property damage in 2021, according to the most recent data from the National Fire Protection Association.
Homeowners policies generally cover fire damage, whether to the house, patio furniture or other property, Passmore said.
Insurance policies generally carry exclusions.
Persons:
Robert Passmore, Passmore, they're, Kochenburger, Peter Kochenburger
Organizations:
National Fire Protection Association, American, Casualty Insurance Association, NFPA, University of Connecticut
Locations:
U.S