Dwelling coverage is a crucial part of every standard homeowners insurance policy. Dwelling coverage can help you in the event the physical structure of your home incurs serious damage. However, it’s important to understand what types of damage are covered.
Here is a basic guide to the types of damage covered by your dwelling insurance:
You can use dwelling coverage to pay for damage sustained from natural hazards, also called perils. You may be eligible for financial compensation if the main structure of your home is damaged by any of the following:
Other than natural or weather related hazards, there are more types of damage covered under dwelling insurance. These hazards include:
If any of these perils cause damage to the structure of your home, your dwelling coverage is there to help you.
Not all natural hazards are covered by dwelling insurance. For example, windstorms do not include tornadoes. If you live in a region prone to tornadoes, you will need to purchase a tornado-specific insurance policy.
Other major natural perils like earthquakes, mudslides and floods typically require their own specific policy. Other non-natural hazards might be covered by auto insurance or personal liability insurance.
Hopefully, you’ll never need to make a claim to your homeowners insurance for one of these issues. However, the more you know about what hazards are included in your dwelling coverage can give you greater peace of mind as a homeowner.
Kim Cuomo brings a 25 year wealth of experience and passion to the world of real estate, having dedicated over two decades to serving clients across the vibrant landscapes of South Florida. With a background as a paralegal, Kim's transition into real estate was not just a career change, but a discovery of her true calling. Her deep-rooted love for the industry is evident in the personalized, hands-on approach she adopts with each client, ensuring they feel valued and supported through every step of their journey.
Whether navigating the complexities of a first-time home purchase or orchestrating the sale of a luxurious $30 million estate, Kim's expertise spans the full spectrum of residential and commercial real estate. Her reach extends across Palm Beach County, Martin County, St. Lucie County, Broward County, and Miami-Dade County, offering a comprehensive understanding of the unique markets within each area.
Kim Cuomo's dedication to excellence and her ability to forge meaningful connections with clients make her not just an agent, but a trusted advisor and friend in one of the most significant transactions of their lives. Her commitment to providing exceptional service is unwavering, making her a standout professional in the South Florida real estate scene.
