What is home insurance dwelling coverage?
Dwelling coverage is a main component of a home insurance policy that can help pay to repair or rebuild the physical structure of your home in the event of a fire or other covered cause of loss.
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A white umbrella logo and text on a red background. What is dwelling coverage? A person
types the phrase in a search bar. They click the Search button.
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Dwelling coverage. You might have heard of it, but what is it?
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A fire accidentally happens at your home, and it needs to be repaired or rebuilt.
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That's an example of what dwelling coverage is for.
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Dwelling coverage may help to repair or rebuild your home if damaged by a fire or another
covered cause of loss.
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It's important to periodically review your coverage with a Travelers representative.
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Why?
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Because the cost of repairing or rebuilding your home may have changed since you purchased
your policy. For more answers, go to travelers.com.
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Travelers red umbrella logo. Text, The information in this video is general in nature. Any
description of coverage is necessarily simplified. Whether a particular loss is covered depends
on the specific facts and the provisions, exclusions, and limits of the actual policy. Nothing in
this video alters the terms or conditions of any of our policies. You should read the policy for a
complete description of coverage. Coverage options, limits discounts and deductibles are
subject to state availability and to individuals meeting our underwriting criteria. Not all features
available in all states. Insurance is underwritten by The Travelers Indemnity Company and its
property causality affiliates, One Tower Square, Hartford CT. In CA: Home Insurance is
underwritten by The Standard Fire Insurance Company, Certificate of Authority #3545, State of
Domicile: CT. In TX and WA: Home Insurance is underwritten by Travelers Personal Insurance
Company. All underwriting companies listed above are located at One Tower Square, Hartford,
CT 06183. Copyright 2022 The Travelers Indemnity Company. All rights reserved. Travelers and
the Travelers Umbrella logo are registered trademark of The Indemnity Company in the U.S and
other countries.
What is dwelling coverage?
Dwelling coverage can help pay to repair or rebuild your house if it is damaged by a number of different scenarios or risks. Some examples of the types of risks that may be covered include:
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House fires
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Severe weather
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Falling objects
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Vandalism/theft
Your dwelling coverage limits are based on the estimated cost of rebuilding your home. While the current market value of your home may be lower than you’d like, the cost to rebuild may be higher than you think. Over time, economic changes such as labor or material costs could make rebuilding more expensive than initially anticipated.
Updates, additions and improvements to your home may increase or change the amount of dwelling coverage you need. Some common reasons to purchase higher coverage limits include installing hardwood floors, updating a kitchen or bath or adding a deck. As a result, it’s important to periodically review your coverage.
While you can’t predict when a covered loss will occur, there are a couple of steps you can take to help ensure your home is covered up to its replacement cost.
- Talk to your agent or Travelers representative about the dwelling coverage on your homeowners insurance policy.
- Check in on your home’s replacement cost yearly, especially after making improvements to your home. Even small improvements can affect the cost to rebuild your home.
Is your home insured to its replacement cost?
Read about what you can do to help ensure your home is insured to its replacement cost.
