Dwelling Insurance Coverage
Dwelling insurance coverage is the part of your homeowners insurance policy that helps pay for the repair or rebuilding of the physical structure of your home and the structures directly attached to it, such as
roofs. In addition to the building coverage, it also includes the internal systems like:
- Wiring
- Plumbing
- Heating and air conditioning
Most homeowners insurance policies do not cover damage from
floods or earthquakes. However, there are additional coverage options to help if these situations occur.
Other Structures Insurance Coverage
This helps cover buildings on your property that aren’t attached to your house. For example, if a tree falls on your garage that is not connected to your home or your shed collapses from heavy snow, other structures coverage can help cover the cost of damages.
Personal Property Insurance Coverage
Personal property coverage helps protect your personal belongings such as furniture, clothing and appliances. When you insure your personal property with
replacement cost coverage, covered property that is stolen or damaged will be replaced with a comparable item at today’s value, not depreciated actual cash value.
Loss of Use Coverage
This coverage helps pay your living expenses, up to policy limits, if you cannot live in your home due to a covered loss or after suffering a loss. It can also help if your house is damaged from a fire and needs repairs, helping cover the costs to stay in a hotel or rental.
Personal Liability Coverage
If someone who is not a resident of your household suffers an injury or property damage for which you are legally responsible,
personal liability protection can help cover your legal defense costs and any court judgments against you, up to your policy limits.
Medical Payments Coverage
Medical payments coverage helps pay emergency medical bills if someone who isn’t a resident of your household is injured on your property. It also covers injuries caused by a member of your family or pet, regardless of where it happens. Bills are paid, up to policy limits, whether you’re legally responsible or not.2
Hazard Insurance Coverage
Hazard insurance coverage helps to protect your home from various hazards such as wind, fire, hail, theft, and more. This coverage may be required by your mortgage lender.
Optional Types of Home Insurance Coverages
If you’re concerned about significant damage to your home, these optional coverages can help you have greater peace of mind.
