Dwelling Fire Insurance vs Homeowners Insurance: What" width="1254" height="837" />Dwelling Fire Insurance vs Homeowners Insurance: What" width="1254" height="837" />
Comparing homeowners insurance to dwelling fire insurance may initially seem like comparing apples to apples. After all, your home is a dwelling. However, the policies are actually designed to cover two different buildings under separate circumstances. You may own homes that aren’t applicable for homeowner’s insurance, and others may require additional insurance to cover certain circumstances.
Your homeowner’s insurance is a policy designed to protect your property and your home in the event of unexpected disasters that damage your home. This policy does include coverage for fire damage to the structure of your primary residence and the possessions inside. Your primary residence is the home where you spend most of the year. Your primary residence generally contains most of your possessions, allowing your homeowner’s policy to provide coverage for your home and the bulk of your possessions.
If you own multiple properties or have more than one house on your property, your homeowner’s insurance may not provide the coverage you need in the event of fire damage. Dwelling fire insurance provides coverage for homes that you own but don’t live in for most of the year. This may include vacation homes, cottages, cabins, or investment homes like rentals.
Dwelling fire insurance is a policy that provides coverage for homes other than your primary residence. Like homeowner’s insurance, your dwelling coverage policy will cover the costs of repairs or rebuilding when fire damage occurs. Dwelling coverage also protects attached structures like decks, porches, and attached garages. However, dwelling insurance doesn’t provide liability coverage or protection for possessions inside the home.
