Basic home insurance coverages
Dwelling- Dwelling coverage is intended to rebuild your home in the event of a
loss such as fire, weather damage or worse yet a car being driven into your living
room. Some townhouse policies have this coverage however condo policies
never contain this coverage.
Property Coverage- Theft, fire, or other losses can damage or destroy the things
you own. This coverage helps to replace the things that are dear to you after a
loss. Condo policies and some townhouse policies often use this coverage to
protect not only your possessions but also the build out of the home in the event
of a major loss.
Liability- Liability coverage is one of the most important coverages in any
policy. Put most basically, liability insurance protects you from law suite.
Home Warranty- A home warranty is a special insurance product that functions
like an extended warranty for your major appliances. Air conditioning,
plumbing, and most major appliances are often covered under these policies.
These policies are available to any owner.