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Homeowners Coverage

Dwelling – Is the dwelling that you live in. This may be extended to include the Pools, Fences etc, that are on the same location.

Detached Private Structures – The policy often provides an additional 10% of the Insured Value of the Dwelling to cover garages, sheds etc. Additional coverage can be purchased if 10% is not a sufficient value.

Contents – A homeowners policy automatically includes coverage for contents, for items such as, clothing, furniture, appliances. The limit of contents varies based on your policy wording. Some special valued items may have limits and require Specific Floaters. Such items may include but are not limited to jewelry, computers, collectibles, musical equipment

Additional Living Expense – Is generally 20% of the Insured Value of the Dwelling.  The purpose of this coverage is to help with additional expenses incurred if you are unable to live in your home due to a insured loss.

Personal Liability Coverage – Insures for the costs arising from an incident if you are found negligent for injury or property damage of others.

Rebuilding Cost – Most insurance companies require the Dwelling to be insurance to the Rebuilding Cost which is a different value than the Selling Price of your home. The Rebuilding Cost is determined based on various factors including age of dwelling, square foot, architectural design, and quality of building materials. It also includes the cost of debris removal, building permits, architect fees, contractor fees and other related construction cost.