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.
Originally from Statesville, NC I grew up vacationing in the Myrtle Beach area and have been blessed to call it home for the last 21 years. An alumni of Appalachian State University, I have been a Realtor for 11-years in the Grand Strand area, and am licensed in both South and North Carolina. I hold several distinguished Realtor designations, including ARB, MRP, SRES, RSPS, SFR, and XCL. I love being involved in the Coastal Carolina Association of Realtors, having served on the Young Professionals Network committee, the Community Outreach committee, and am a 2022 graduate of Leadership CCAR. As a proud member of the Women's Council of Realtors Grand Strand, I had a role as the events committee chair for 2023 and now hold the current position as the 2024 WCR events director. I have also contributed as a board member for the last 9 years for the Humane Society of North Myrtle Beach and currently serve as treasurer. In my spare time, I love traveling, shopping, and spending time with her family, friends, and 3 cats.
