What is liability coverage?
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What is Dwelling Insurance Coverage?

Dwelling insurance also known as dwelling coverage is an aspect of a homeowners insurance policy and helps to pay for the repair or rebuilding of your home if it is damaged by a hazard covered in the policy. 

Examples Of What Is Covered By Dwelling Insurance

Dwelling insurance is a part of a conventional homeowner’s insurance policy. It will cover the structure of the home, in addition to particular hazards that may damage your property. Structures that are not exactly attached to your house, like an individual guest house, are not usually covered by dwelling insurance, but might still be covered by other portions of the homeowner’s insurance policy.

Conventional dwelling insurance is going to cover a lot of the same hazards covered under your homeowner’s insurance policy like:

  • Fire/smoke
  • Lightning strikes
  • Windstorms
  • Hail
  • Explosions
  • Vandalism
  • Theft
  • Damage caused by the weight of snow, sleet or ice
  • Falling objects
  • Damage from an aircraft
  • Damage from a motor vehicle

For example, when a part of your house is damaged because of a fire, including your wooden deck attached to the back of your house, your dwelling insurance is going to cover the costs for repair or for the rebuilding your home and deck.

Examples Of What Is Not Covered By Dwelling Insurance

  • Earthquakes
  • Floods
  • Sewer backups
  • Damage from incorrect or a lack of proper maintenance

Usually, damage because of flooding is not going to be covered by dwelling insurance and needs an individual flood insurance policy. It also is not going to cover damage because of an earthquake or sewage backups. Whereas most parts of your home are going to be covered under your dwelling insurance policy, an unattached garage, tool shed, above ground swimming pool, and fences typically won’t be.

Make sure to thoroughly go over your homeowner’s policy or talk to your insurance agent for a better understanding precisely what is and what is not covered by the dwelling coverage.

Dwelling coverage is different than the building property protection in a condo insurance policy, when your condo is damaged by a covered peril. Building property protection assists in paying for repairs to the walls of your condo unit and its interior. Purchasing flood insurance may also be an option when you have a condo and the insurance policy from the condo association may cover aspects of the building such as the elevator, basement, roof, walkways or courtyards.

Defining Your Dwelling

Dwelling insurance covers the home you live in plus attached structures. If it’s attached to your home, a deck or front and back porch or garage may also be considered a part of your dwelling, and therefore may be covered by the dwelling coverage in your homeowners insurance policy. When, for example, a garage or shed is not attached to your home, it will be covered by other structures coverage in your homeowners insurance policy.

Dwelling Coverage Limits And Deductibles

When buying a homeowners insurance policy, you choose your dwelling coverage limit. Most home insurance policies come with replacement cost coverage for the structure of your home. Your dwelling coverage limit influence coverage limits within your home insurance policy. Your other structures coverage limit is typically a percentage of your dwelling coverage limit, often ten percent. When you have a dwelling coverage limit of $500,000, your other structures coverage limit would be $50,000.

Homeowners Insurance Quotes

From offering liability protection for you and your family to helping you get reimbursed for personal property damage, homeowners insurance provides many types of coverage. Learn more about Homeowners Insurance Coverage or get a free homeowners insurance quote from Klimes Insurance today. Call us at  (480) 596-9456 for more information.

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