Definition - What does Fire Insurance mean?
Fire insurance is insurance coverage for fires that occur on properties. Fire insurance can provide reimbursement for property losses associated with the fire damage. Fire insurance is commonly purchased as a supplement to a standard homeowner's or renter's insurance policy. Fire insurance often covers the full replacement value costs as well as living expenses incurred while the policyholder could not live in the property.
Insuranceopedia explains Fire Insurance
The reason why many people decide to purchase fire insurance in addition to other forms of property insurance is because losses from a fire can be devastating. Fire insurance can provide a high degree of coverage for fire damage, and can cover fires with a wide range of causes. However, not every type of fire may be covered. For example, if military related explosion happens near the house and results in a fire, this may not be covered.