YOU ASK:

What protection does dwelling insurance coverage provide?

WE ANSWER:

Dwelling insurance coverage, also known as Coverage A of a homeowners insurance policy, provides protection up to certain dollar limits for the primary residence dwelling of the insured, plus any adjacent structures on the premises, such as a garage.

What Dwelling Insurance Covers

Dwelling insurance is not a separate policy: as part of home insurance, it provides specific coverage. That is to say, in the event of a loss dwelling insurance coverage will provide protection for your dwelling and any structures attached to it, however, it will not cover damage to other structures on the premises or any personal belongings. These are covered under separate provisions of a Homeowners policy.

In addition to covering the dwelling of an insured, a Homeowners policy dwelling provision will also pay for any materials needed to repair or construct the covered residence or structure.

It is important to note that land is specifically excluded under dwelling insurance coverage, so if the land on which an insured's dwelling is built suffers any damage, Homeowners insurance will not pay for it.

Dwelling insurance provides coverage up to certain dollar limits, promising to pay for repair or reconstruction of the dwelling if it is damaged or destroyed by perils covered by the policy. The coverage amount is determined by the policy holder upon signing of the insuring agreement. If your house is completely destroyed by a covered natural disaster, the insurer will pay either the actual cash value or the replacement cost of your home.

Perils Covered and Not Covered by Dwelling Insurance

Unless specifically excluded from the policy, any direct physical loss to a dwelling and the adjacent structures is covered by dwelling insurance. Here is a list of the perils typically excluded from the dwelling coverage of home insurance:

  • Any damage that the insured could have prevented by exercising a higher degree of care;
  • Mold and fungus;
  • Freezing of different house appliances;
  • Collapse;
  • Damage caused by marring or deterioration;
  • Corrosion;
  • Damage caused by animals owned by the insured, etc.
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