Insurance Analysis

Dwelling Fire Insurance

Dwelling fire insurance is purchased to protect dwellings that aren't occupied by the owner or that don't meet the criteria for homeowners insurance coverage.  For example, dwelling insurance is purchased when a rental property owner needs to ensure a building, but not the possessions inside it.  Also, dwelling insurance is often the sensible option for covering property that is not occupied full-time by the owners, such as in the case of seasonal and second homes.

Despite the name, dwelling fire insurance can encompass more than fire- and smoke-related damage. Dwelling fire insurance is “named peril” insurance, as it only covers damages for losses resulting from perils listed on the policy.  Those perils may include fire, lightning, explosions, windstorms, hail, smoke, and more.

Dwelling Fire Insurance policies protect your Pennsylvania rental home from fire damage and protect you from legal liability.

 Basic facts about dwelling fire insurance:

  • Your homeowners insurance policy will NOT include damages to properties you own but do not live in.  Dwelling fire insurance coverage is required to protect houses and structures which are NOT occupied by you, the landlord.
  • Dwelling fire insurance encompasses any fixed structures, including the home itself, the foundation, cabinets, walls, counter tops, and so forth.
  • Typically, dwelling fire insurance policies DO NOT protect others’ (i.e., renters’) possessions, as the owner of the policy is not the owner of those possessions, and he/she doesn’t live in the structure.
  • If an inferno leaves your rental house inhabitable, a dwelling fire insurance policy often includes payments for lost income from the rental of the property for up to 12 months.
  • Dwelling fire policies protect houses and structures from the particular risks itemized. That's the why it's generally known as "named peril" coverage.
  • Dwelling fire insurance should be considered to protect you against costs associated with cleaning up following a loss, like after a natural disaster.
  • Dwelling fire Insurance customarily pays the actual cash value of the loss.  However, there are options to upgrade your coverage to cover the cost of replacement.
  • Dwelling fire plans can be written to include other structures on the property, such as sheds, unattached garages, barns, pagodas, and greenhouses.
  • Individual liability and personal property coverage are not common to dwelling fire insurance coverage.  However, those options can be added via endorsements, which alter or modify to the original insurance coverage.   

At Keystone Insurers Group, our dedicated agents make choosing a dwelling fire insurance coverage simple. We dissect your needs and explain your options in a clear, understandable manner – and save you time and money in the process.  With our experience and expertise, Keystone Insurance brokers can quickly and simply determine the dwelling fire policy you will need at the cost you deserve.

For more info on Dwelling Fire insurance policies contact Keystone Insurers Group at 814-629-5607 or fill out our internet form above (click the image near the top left) for a dwelling fire insurance quote today.

 

ML