Your home provides a safe space to live. What happens in the case of an emergency that compromises your home? Financially protecting your home can safeguard your space if perils arise.
Dwelling insurance is the part of your homeowners insurance policy offering protection for the structure of the home. This article provides a basic guide to understanding dwelling coverage, policy scope and requirements.
If your home structure is damaged, dwelling coverage provides financial compensation. Your insurance policy would offer an estimate of the damages and provide funding for the cost of repairs.
Your home structure includes walls, flooring, roof, foundation and windows. Sometimes dwelling insurance also covers attachments to the home, like a porch, garage, or deck.
Rental property owners need a specific type of dwelling insurance for landlords. These policies generally include:
Tenants should have renter’s insurance as well, as landlord's dwelling insurance won’t cover their personal items.
Dwelling coverage isn’t a requirement. However, most mortgage lenders do require dwelling insurance if you’re financing your home through them. Not only does it protect homeowners, it protects the lender’s investment.
Bill was born and raised in Redwood City and has made it his home for his entire life.
Bill has over 36 years of experience in the Real Estate Industry.
12 years representing buyers and sellers buying and selling Real Estate
Along with 24 years of originating home mortgages.
Bill also is a Real Estate Investor and has experience in guiding you through the process of owning and managing Investment Properties.
Bill can assist his clients in making decisions that turn dreams into a reality. Put his 36 years of experience into making your dreams come true.
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