What is Dwelling?
A dwelling is the main structure where an individual resides, including homes, apartments, or condos. In the context of homeowners insurance, a dwelling is typically the insured property itself, protecting it against damage caused by covered perils such as fire, storms, or vandalism.
Dwelling coverage, which is a core component of homeowners insurance, helps pay to repair or rebuild the home if it is damaged or destroyed by a covered event. It generally includes the physical structure of the house as well as any attached structures like a garage or deck.
For landlords, dwelling insurance can also extend to rental properties, providing coverage for the building but not the tenant’s personal belongings. Ensuring the proper amount of dwelling coverage is crucial to avoid financial loss due to unforeseen events that could cause significant damage to the property.