Homeowner Dwelling Insurance Coverage
Dwelling Insurance Coverage is the limit for your physical home. This is what most people think about when they think of their home insurance. The policy limit should be the cost to completely rebuild the home and anything permanently attached to it if it were a total loss. Most policies do NOT guarantee to replace your home so you need to make sure it’s insured adequately.However, while this coverage seems to encompass a single variety of “insurance”, there are many limitations and exclusions in your policy to be aware of. Also, there are many requirements by you before and in the event of a claim. Overall, this is the last thing you want to find out if you could have been covered.
We will tackle more details about other types of insurance coverage on my future post.