Do you have a rental property in Cincinnati, OH? You probably need dwelling fire insurance. Also known as landlord insurance, dwelling fire insurance is similar to home insurance, only that it’s suitable for people who own a home and use it for rental purposes.
Want to learn more about dwelling fire insurance? At Advantage Insurance Network, we have prepared a FAQs section to shed more light on this insurance.
Who needs dwelling fire insurance?
As mentioned, dwelling fire insurance is ideal for seasonal, non-occupied homes or homes used as rentals. This policy may also be ideal for homes under construction or low-value homes, including mobile and older homes.
Does dwelling fire insurance cover fire alone?
Unlike its name, the dwelling fire insurance policy doesn’t only cover your home against fire and smoke. This policy, like home insurance, protects your structure against several risks. The difference is that home insurance covers your home against numerous risks with a few exceptions. The dwelling fire insurance covers your home only against perils named in your policy.
What does dwelling fire insurance cover?
Wondering what’s covered by your landlord’s insurance? Here are coverage options included in this policy:
- Dwelling coverage: This coverage protects your building structure against perils like fire, lightning, falling objects, etc. Dwelling fire coverage will only protect your home against the risks listed in your policy. Always ensure your coverage is against the replacement value of your home, not the market value.
- Liability coverage: It covers you when accused of bodily injury and property damage liability claims.
- Other structures: Your dwelling fire coverage protects detached structures like the fence, pool, and wall.
Still have more questions about dwelling fire insurance? Please feel free to contact Advantage Insurance Network for more information about dwelling fire insurance.