byAlma Abell
Contrary to the name, a dwelling fire insurance will cover more than fire and smoke-related damage. You can be protected from common hazards such as wind damage, ice damage and explosions. Just like any insurance policy, there are many levels of a dwelling fire insurance policy that you can choose. The levels include DP-1, DP-2 and the DP-3. The higher the level of your insurance policy, the better the coverage. A DP-3 insurance policy can let you choose between being compensated with an amount equivalent to the value of your home or you choose one which can cover the cost of replacing your home after a disaster.
Do you qualify for a dwelling fire insurance policy? Candidates who qualify include:
1. Property owners who wish to insure their property and not the valuables inside.
2. Property owners of buildings under construction or being renovated.
3. Property owners of seasonal or second homes.
4. Property owners of inexpensive homes, for instance, mobile and old homes.
Some firms that deal in dwelling fire insurance in St Charles MO offer customized policies if you are not satisfied with the terms of the policies they have. In case you have liability questions, then you can get one tailored to meet your needs. For instance, slip and fall liabilities that can land you in trouble can be included.
Why not enroll for a homeowner’s insurance policy?
Just like the word means, a homeowner’s insurance policy will only cover the owners of the property and single-family residences. Therefore, if you have moved to a new home and you have rented out your old house, then the homeowner’s insurance company will not be liable for any compensation. This is because, if you are hosting different people into your old home every month to make an extra dollar, then the homeowner’s insurance firm will have a lot of risk on their side.
What is the difference between a homeowner’s and dwellers insurance policy?
1. A dwelling fire insurance policy will cover every listed hazard listed, unlike a typical home insurance policy.
2. A dweller’s insurance policy will be 15% to 20% more expensive than a homeowner’s policy.
Having a dwelling fire insurance in St Charles MO is the only way to ensure your property is safe.