Dwelling coverage covers the physical structure provided by your home consisting of walls, roof, foundation, and any permanent fixtures attached to it (built in cabinets or plumbing). Cover is also provided to detached structures located on your property, such as garages or sheds, up to a certain percentage of your main dwelling limit (usually 10%).
Your amount of coverage should be approximately equal to the full replacement cost of your home and not its market value. Our method of arriving at this value is by using local construction costs, square feet, and materials. Pro tip: Avoid guaranteed replacement cost policies they usually have some sort of hidden cap.
No. Standard dwelling coverage excludes floods, earthquakes, and landslides. These require separate policies (e.g., FEMA flood insurance) or endorsements. Hurricanes may be covered but often have special wind deductibles.
Vacant homes (empty for more than 60 days) and homes going through major remediation usually require a specialized type of insurance. In these cases, ordinary dwelling coverage may refuse to remunerate claims arising from vandalism or burst pipes.
Yes! Personal property coverage provides off-premises coverage for items that are stolen from your vehicle or while on the move (e.g., your luggage). Limits apply (typically 10% of your overall personal property coverage).
Regular policies have sub-limits (e.g., $1,500 for jewelry). To have luxury items fully covered, add a scheduled personal property endorsement with appraisals.
Perhaps. Standard policies cap business equipment coverage (usually $2,500). If you work at home, inquire about a home business endorsement or stand-alone business policy.
Actual cash value (ACV): Pays out item worth minus depreciation (such as a 5-year-old television).
Replacement cost: Includes purchasing a new equivalent property (higher premiums but greater protection).
No. Liability coverage only applies to physical injuries or property damage (e.g., a guest’s slip-and-fall). For online/defamation risks, you’d need personal umbrella insurance.
Usually yes, but some breeds (e.g., Pit Bulls, Rottweilers) may be excluded. Always disclose pets when applying. Fun fact: Dog bites account for 1/3 of all liability claims!
No. Normal liability doesn't cover business activities. You'll require a commercial liability policy or a sharing-economy endorsement.
inimums (100k) are risky. We recommend∗∗100k) are risky. We recommend∗∗300k-500k∗∗+a500k∗∗+a1M umbrella policy if you have assets (home, savings, investments) to shield.
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