If someone burns your house down, you are fully capable of legally suing the person convicted of the crime. You may cite a need for compensation due to property damage or personal injury if you or your family were hurt in the fire. Losing your home is a stressful ordeal and you would probably be able to sue for psychological damage or stress as well.

On the Other: The Lawsuit May Be Redundant

If someone is convicted of arson, he usually must pay damages to the victim. If someone burns down your house, and he is caught and convicted, he will have to pay you a hefty sum of money for the offense. If you accept a settlement or receive money due to the arsonist's sentencing, a judge may rule an additional lawsuit redundant.

Bottom Line

In the end, you would be best off discussing the issue with your lawyer. Every situation is different and it is difficult to lay down blanket suggestions without all the details. The law is clear that you are allowed to file a lawsuit against someone who burns down your house, but you should be aware that if you've already received money from that person, the case may be thrown out.

Source:

Law Guru: Arson

Anderson Talk Zone: Admin. Lawsuits: Redundant Lawsuits

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Who Can I Sue