Dwelling Insurance
Dwelling insurance has many variations and you can customize it a lot. You can make it super low or you can make it high. Most of us have high coverage when it comes to our own homes but depending on what type of property you have and your financial situation, you may want to learn about the other options.
Inclusions & Exclusions of Dwelling Policies
Basic
Minimal Policy- Fire
- Lightening
- Wind
- Hail
- Smoke
- Volcanic Eruption
- Aircraft
- Vehicles
- External Explosion
- Internal Explosion
- Riot
- Civil Commotion
- Vandalism
- Malicious Mischief
- Smoke from friendly fires
- Vehicle damage to fences, driveways, and walks
Broad
Standard Landlord Policy- Fire
- Lightening
- Wind
- Hail
- Smoke
- Volcanic Eruption
- Aircraft
- Vehicles
- External Explosion
- Internal Explosion
- Riot
- Civil Commotion
- Vandalism
- Malicious Mischief
- Burglary Damage
- Weight of Ice, Sleet, and Snow
- Glass Breakage
- Falling Objects
- Electrical Current
- Collapse
- Sudden tearing of Plumbing, Heating, etc.
- Freezing of Plumbing, Heating, etc.
- Accidental Discharge of Water or Steam
Special
Standard Homeowners Policy- Everything but Exclusions
- Flooding
- Earthquake
- Intentional Damage
- Losses due to enforcement of building codes
- Damages caused by a power interruption occuring off premise
- Damages caused by machinery (Hot Water Heater, Washer, Dryer, etc.)
- Government Seizure
- Water Backup
- More Exclusions may apply
*Exclusions vary by carrier and may be added
Co-Insurance
This means that you and the insurance company are insuring your dwelling. The insurance company will pay part of the claim and then you will pay the rest. Most homes are under insured and may fall into this category. If you’re interested in co-insurance, let your insurance agent know what percentage you want an insurance company to pay a claim.
Home Value: County Assessor – This is the best resource. Zillow is inaccurate because it combines both the land and building. value
Reconstruction Cost: BlueHammer.com – This is a free tool that can estimate the reconstruction cost of your home.
Protection
There are a lot of things that insurance companies don’t cover automatically. It may be worth looking into to make sure you have the protection you think you have.
Carriers
Put You & Your Family in Caring Hands
Get In Touch
Have a question. Please ask us. We’ll get back to you as soon as we can.