Yes, homeowners insurance covers wildfire damage. However, suppose you live in an area where wildfires are common. In that case, Steve Wilson, senior underwriting manager at Hippo Insurance, recommends getting a rider for extended replacement cost coverage under your dwelling coverage, because material costs to rebuild go up after a wildfire. Also, specialty items like high-end electronics, special jewelry, furs, fine arts, firearms, and cash may not be covered against wildfire damage. Wilson said these items may need a "personal article" endorsement or add-on rider.