At Elevated Insurance in Springville, UT, we receive numerous inquiries from homeowners regarding the distinction between homeowner and dwelling fire insurance. Since your home is classified as a dwelling, fire insurance covers specific conditions for two types of structures. Occasionally, homes might not qualify for standard home insurance policies and may require additional coverage for unique situations and circumstances.
Homeowner’s Insurance
Traditional home insurance safeguards your primary dwelling from damages that result from covered perils, including fire-related losses to the structure of the house and the loss of possessions within it. However, the property must be your primary place of residence the majority of the year to be eligible. Your peace of mind will be significantly elevated, knowing that fire damage will be covered once you’ve satisfied your deductible.
Dwelling Fire Insurance
Dwelling fire insurance is a wise extension of your standard homeowner’s insurance coverage for homes you don’t inhabit for most of the year. This could include cabins, investment rental homes, vacation houses, and cottages. Dwelling insurance covers the cost of repair and reconstruction for the property and attached structures, like decks, enclosed and open porches, and garages.
However, dwelling insurance does not offer protection for personal belongings or liability coverage, both of which are covered under your primary homeowner’s policy. As a lovely perk, dwelling fire insurance often safeguards policyholders from hazards and occurrences that include weather-related damages (such as wind, snow, lightning, hail, etc.), explosions, and vandalism. It’s worth noting that it only covers damage from hazards explicitly listed within your policy.
Safeguard Your Property and Possessions with the Appropriate Coverage
Home insurance is necessary, but supplemental dwelling fire coverage is also important for those who own more than one property. To gain an understanding of what policies will provide the best protection for you, reach out to Elevated Insurance in Springville, UT today.
