8659 Baypine Road, Suite 200A Jacksonville, FL 32256
Dwelling Coverage Manufactured
What is Dwelling Coverage?
One component of your manufactured home insurance policy that protects your home and its contents, including an attached garage, countertops, floors, and built-in appliances, is dwelling coverage (often referred to as Coverage A on a homeowners or condo insurance policy). The dwelling coverage in your policy may cover the cost of rebuilding, replacing, or repairing the physical structure of your home in the event that it is damaged by a covered risk. Every homeowners or condo policy includes dwelling coverage. Dwelling coverage is a crucial component of home insurance because, in most cases, your home represents your most valuable asset.
What does Dwelling Coverage Insure?
Several different types of structures may be protected by your manufactured home insurance dwelling policy, including:
Your home
Attached garage
Attached deck
Verandas, screened-in porches, etc.
Chimneys
Permanently placed building materials, such as flooring, ceilings, countertops, cabinets, and vanities
Which Risks are Typically Covered by a Home Insurance Policy?
Fire damage
Hurricane damage
Lightning strikes
Damage from tornadoes
Theft and vandalism
Falling objects
How Much Dwelling Coverage do I Need?
To provide you with an accurate insurance estimate, the majority of manufactured home insurers will inquire about a variety of factors about your home, such as the type of roof, the year the house was built, the square footage, the flooring, and the number of bathrooms. Their objective is to calculate the cost of rebuilding your home from the ground up in the case of a complete loss. “Replacement cost value” is the term used to describe the rebuild price, which can be higher or lower than the sum listed on a real estate website or your home’s fair market value.
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