What will my homeowners policy cover against damage of fireworks?

What are you going to do when the Fourth of July comes along? Throw a party, gather with some friends, or just not think about it at all, right? It is important to know what your homeowners policy will cover in case of damage caused by fireworks.

Many consumers have yet to realize the risks that fireworks put in front of them. The evaluations made by the American Pyrotechnics Association prove that fireworks are in deed dangerous. Here are the statistics:

• In 1997, there was $5.4 million in fire damage because of fireworks. 
   
• Because of fireworks, 11,000 people were injured.

Did you ever think that fireworks can burn your house down? Well they can. As dangerous as it might sound, your homeowners policy will cover damage that was made by fireworks, as long as it wasn’t done on purpose.

However, if setting off or possessing fireworks isn’t legal in your state, then your insurance company might not cover damage or injury caused because of fireworks. 

Instead of knowing what is covered, you should know what isn’t.  Here are a few instances when your home insurance policy won’t cover you:

• You won’t be covered if you are manufacturing fireworks in your home and there is an accident that results in someone else’s injury or property damage. 

• Even if fireworks are legal in your state, that doesn’t mean that your insurance company is going to cover you against damage that was made by stolen or destroyed fireworks.

• Any intentional natures of your acts won’t be covered. For example, if you try to aim a fireworks rocket at your neighbor’s house, don’t expect any coverage.

These things must be considered whenever you are planning a Fourth of July party. Insurance issues must be known and you must know what your policy is going to cover.

If you still have doubts about what your policy is going to cover and in what type of case, then you should definitely contact your insurance agent so that he would best assist you with the questions that you have.

Keep these issues in mind and when lighting those fireworks, know the consequences and make sure that you know what to do in case of an emergency.