Which type of damage is covered under the Homeowners Comprehensive Form (IBC1155)?

The Homeowners Comprehensive Form (IBC1155) is designed to provide broad coverage for various risks associated with residential properties. This form covers numerous perils, including damage caused by fire, which encompasses situations such as smoke damage from the fireplace. Smoke, as a byproduct of fire, can lead to significant property damage that is often covered under comprehensive insurance policies, since it directly relates to an insurable risk.

In contrast, damage caused by raccoons might be categorized under pest or animal intrusion, which typically does not fall within the standard coverage limits without specific endorsements. A foundation crack resulting from natural settling over time is regarded as a maintenance issue, and often, policies do not cover damage stemming from gradual wear, as it is expected that homeowners will maintain their property. Lastly, wear and tear on furniture upholstery is usually considered part of normal depreciation and maintenance, which is not covered by insurance policies as it does not represent sudden or accidental damage. Therefore, smoke damage from the fireplace is appropriately covered under the comprehensive homeowners' insurance policy.