A total loss occurs when a home is damaged so severely by a covered event that it cannot be repaired and must be completely rebuilt. Fires, major explosions, and severe storms are common causes of total loss claims. When this happens, dwelling coverage becomes the primary source of funds used to reconstruct the home. Dwelling … Read more
Dwelling coverage exclusions define the situations in which insurance will not pay for structural damage. These exclusions are listed in the policy and are a common source of misunderstanding among homeowners. Flood damage is one of the most significant exclusions. Rising water from outside the home, including storm surge or heavy rainfall accumulation, is not … Read more
A dwelling coverage claim is triggered when the home’s structure is damaged by a covered peril listed in the homeowners insurance policy. While this may sound straightforward, determining whether a claim is triggered often depends on the cause of damage rather than the damage itself. Common triggers for dwelling coverage claims include fire, smoke damage, … Read more
A deductible is the portion of a dwelling coverage claim that the homeowner is responsible for paying before insurance coverage applies. While deductibles are often mentioned briefly when purchasing a policy, they play a major role in how much a homeowner actually receives after a loss. Most dwelling coverage deductibles are set as a flat … Read more
When it comes to dwelling coverage, one of the most important distinctions homeowners need to understand is how losses are valued. Most homeowners insurance policies pay dwelling claims using either replacement cost or actual cash value, and the difference between the two can significantly affect how much money a homeowner receives after a loss. Replacement cost coverage pays … Read more
Coverage A is the formal policy designation for dwelling coverage in a homeowners insurance policy. It outlines what structural components are insured, how losses are valued, and the maximum amount the insurer will pay for covered damage. Coverage A applies to the primary residence listed on the policy and includes all parts of the structure … Read more
Dwelling coverage limits represent the maximum amount an insurance policy will pay to repair or rebuild the home after a covered loss. These limits are carefully calculated and should reflect the cost to reconstruct the home, not its market value. Insurers determine dwelling coverage limits using replacement cost estimates. These estimates consider factors such as … Read more
While dwelling coverage provides critical protection for the home’s structure, it does not cover every type of damage or loss. Understanding what is excluded is just as important as knowing what is covered, as many claim denials stem from excluded events. One of the most common exclusions under dwelling coverage is flooding. Damage caused by … Read more
Dwelling coverage is designed to protect the physical components that make up the home’s structure. While exact coverage details vary by policy, most standard homeowners insurance policies cover a similar range of structural elements under dwelling coverage. The most obvious items protected by dwelling coverage are the home’s walls, roof, and foundation. If a covered … Read more
Dwelling coverage is the part of a homeowners insurance policy that protects the physical structure of the home itself. It is commonly referred to as Coverage A and is the foundation of most homeowners insurance policies. While other sections of a policy address personal belongings, liability, or additional living expenses, dwelling coverage focuses specifically on repairing or … Read more