Dwelling Insurance: The Nuts & Bolts Bay Shore NY

Dwelling Insurance: The Nuts & Bolts

Normally used to insure investment, rental, vacation or seasonally occupied homes, dwelling insurance provides very basic home insurance coverage at a small price.

What Makes It Different?

Designed to protect secondary homes against physical damage caused by fire and other named events, this type of coverage:

• Usually insures the dwelling plus any other structures on the property, such as garages or sheds
• Insures any of the landlord's personal property used by tenants, such as furniture or appliances
• Covers landlords against loss of rental income when property is damaged and must be repaired
• Usually offers no liability protection for injury or damage to others (unlike other homeowner's insurance policies)

Dwelling insurance provides minimal coverage at a much lower price than traditional homeowner's insurance-and that's good news for those with more than one home!

Who Needs It?

Homeowners insurance can be expensive. But for those who acquire rental or investment property and don't need to insure others' personal possessions-as they would their own-dwelling insurance fits the bill. ...

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