Long Beach Insurance Services Dwelling Fire Insurance
A Dwelling Fire insurance policy is property insurance similar to a homeowners policy that will provide coverage for a 1-4 unit residential building. This policy is useful when a person already has a homeowners policy for their primary residence, and only need a more narrow property insurance policy to protect their building. Although the name may be misleading this type of insurance can cover any of the physical perils protected against by a standard homeowners policy.
Dwelling Fire Insurance is especially useful for people who rent out their 1-4 unit residential property. The policy can be customized to cover personal property inside the residence, as well as the loss of rent in the event of a covered loss. Premises liability is a coverage that can be added as well which would protect the landlord’s personal liability for any accidents that could occur on the premises.
This type of insurance is useful for many other situations as well, such as a seasonal residence, or a home that may not qualify for a traditional homeowners policy due to age or condition. It is always best to discuss your property with a broker to determine what the most applicable type of property coverage would be.