As part of your homeowner’s insurance policy, dwelling insurance is the coverage you need to protect the structure of your home. Whether the threat is wind and rain or fire and vandalism, there are several issues to look out for when you own your own property. Texas County Mutual Insurance is the first-choice insurance company in Licking, MO. They help clients safeguard their investments, and dwelling insurance is a part of that. If you’re new to homeownership or need a refresher course on home insurance, pay attention to these important facts.
3 Factors to Know About Dwelling Insurance
1. The Definition of Dwelling
For most people, your dwelling is the physical structure you call home. When it comes to insurance, your dwelling also encompasses attached structures. This means even though you don’t live in your garage, if it’s attached to your home, it’s still covered by your dwelling insurance. The same goes for your deck or porch. If any connected part of your dwelling is damaged, check with your insurance provider to learn what they can do.
2. Protection From Peril
While your exact coverage will depend on your specific provider and policy, most dwelling insurance covers damage caused by weather, fire, theft, and vandalism. As a general rule, if the situation was out of your control and couldn’t be prevented, your insurance may cover it. Dwelling insurance will not cover, however, property damage that occurs because of lack of maintenance. Damage from leaking pipes and sewer backups are examples. It’s also important to check with your insurance agent about coverage for natural disasters.
3. Assessing Need
The biggest question homeowners ask is if dwelling insurance is necessary. The typical homeowner’s coverage plan includes a set amount of dweller’s insurance, and you’ll need to talk to your agent about how much coverage you need. As a general rule, you want enough coverage to pay for the entire replacement cost of your property. That way, if your home is destroyed by a fire, you have the money you need to move forward.
Understanding home insurance is imperative, but it’s never easy. No one wants to pay too much, but you also need reassurance that in the case of an emergency, your insurance plan will keep you safe. Talk to an experienced agent from Texas County Mutual Insurance to learn more about why you need dwelling insurance. Call them at (573) 674-3125 for an insurance quote, or visit their website for more information.