Dwelling coverage, also called dwelling insurance, is part of every standard homeowners insurance policy. Dwelling coverage concerns the physical structure of your home, and can help you recoup financially if it’s damaged.
While most homeowners insurance policies include dwelling coverage, it can be confusing to determine what sort of damaging events are covered. Here is a quick reference guide to what types of covered peril or hazards:
Dwelling coverage is used to help pay for damage sustained from natural disasters or hazards. If the structure of your home is damaged by fire or smoke, windstorms, lightning strikes, hail, snow, sleet or ice, you may be entitled to compensation to cover the cost.
However, it’s important to note that not all natural hazards are covered by this homeowners policy. For example, windstorms do not include tornadoes. If you live in a region where tornadoes are common, you will need to purchase an additional tornado insurance policy.
For areas prone to earthquakes or flooding, you would also need to get additional coverage for these hazards. Consulting an insurance agent in your area will help you determine what insurance coverage is best for your situation.
It’s also crucial to remember that dwelling coverage only counts for the physical structure. This means it won’t cover the cost to replace carpeting or hardwood floors damaged by smoke from a fire. Typically, interior elements like flooring are covered under another portion of your homeowners insurance policy.
Dwelling insurance protects you from hazards beyond natural or weather-related events. Human-caused damage to the home structure from vandalism or theft are covered under this part of the policy.
Other hazards included in coverage are falling objects, damage from motor vehicles and damage from aircraft. If any of these issues should cause personal property damage, your insurance will pay for repairs.
Dwelling coverage and other specific policies can make an enormous difference in your recovery from the unlikely event of a covered disaster. By knowing exactly what dwelling insurance covers, you can have more peace of mind knowing your provider will help you recoup your losses.
I have lived in the Athol-Orange-Phillipston area for most of my life. I graduated from the Athol-Royalston Schools and Boston College in 1973. I have been an active real estate Broker since 1973.. I have First hand knowledge of all the various aspects of working and living in our area.
For over 40 years I have maintained a presence in the real estate market through building new homes while buying and selling all types of real estate. I offer first hand knowledge and experience to Buyers and Sellers in our unique market area . I also have a keen interest in Waterfront properties, land and income properties. We are also currently focused on bringing new businesses into our area including Commercial , Mixed Use and Retail Development along the Rt 2 corridor including into the North Quabbin Business Park and the Greater Gardner to Athol-Orange areas.
I will to give you the benefit of my training and experience and the most personal service and attention that you deserve.
