Renphoto | E+ | Getty ImagesWhat homeowners and renters insurance likely coverThe typical homeowners insurance policy has two coverage areas.One is for property: your home and the things in it. 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. The latter coverage is generally available anywhere your liability occurs in the U.S.A renters policy is similar but wouldn’t cover the physical structure of the home — only the things in it.Fireworks caused $59 million in direct property damage in 2021, according to the most recent data from the National Fire Protection Association. Fireworks-related damage would most likely result from a fire started by the pyrotechnics, said Robert Passmore, vice president of personal lines at the American Property Casualty Insurance Associat …
