Standard Fire Policy

Updated: 11 March 2024

What Does Standard Fire Policy Mean?

Standard fire policy refers to the policy that started in New York that covered property damages brought about by fire. It was adopted by many states. It soon became mostly obsolete after the creation of property insurance policies, including the homeowner’s policy. The standard fire policy, however, greatly influenced these policies.

Insuranceopedia Explains Standard Fire Policy

This policy was popular in the US in the early twentieth century. Until now, it is still celebrated for its wording.

This policy specifically covered damages to property caused by hostile fire. Hostile fire is fire that is not intentionally started. The policy did not cover friendly fire, one that was started intentionally. It also covered damages brought by lightning. Valuables that were removed during the peril (fire) were also covered as well. It paid for the repairs and even reconstruction of the damaged property.

Since a lot of property insurance policies cover damages from fire aside from other perils, this policy later became obsolete except for some states which still adopt it to this today.

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