Dwelling coverage is a crucial part of every standard homeowners insurance policy. Dwelling coverage can help you in the event the physical structure of your home incurs serious damage. However, it’s important to understand what types of damage are covered.
Here is a basic guide to the types of damage covered by your dwelling insurance:
You can use dwelling coverage to pay for damage sustained from natural hazards, also called perils. You may be eligible for financial compensation if the main structure of your home is damaged by any of the following:
Other than natural or weather related hazards, there are more types of damage covered under dwelling insurance. These hazards include:
If any of these perils cause damage to the structure of your home, your dwelling coverage is there to help you.
Not all natural hazards are covered by dwelling insurance. For example, windstorms do not include tornadoes. If you live in a region prone to tornadoes, you will need to purchase a tornado-specific insurance policy.
Other major natural perils like earthquakes, mudslides and floods typically require their own specific policy. Other non-natural hazards might be covered by auto insurance or personal liability insurance.
Hopefully, you’ll never need to make a claim to your homeowners insurance for one of these issues. However, the more you know about what hazards are included in your dwelling coverage can give you greater peace of mind as a homeowner.
As a military spouse for over 17 years, I understand the challenges of moving and relocating. I have lived in Eastern North Carolina for over three years and am familiar with the area. As a homeowner and business owner, I understand the importance of making one of the largest asset investments you will make. My goal is to build a long-lasting relationship with you throughout the home buying or selling process and I am 100% committed to providing you with the highest level of personal service. Whether you are buying, selling, investing, or just curious about the local market, I would love to offer my support and services.
