Definition
Dwelling coverage is the insurance protection for your physical home structure. It should equal replacement cost—enough to rebuild if destroyed.
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Dwelling coverage pays to repair or rebuild the home from covered damage. Coverage limits should equal replacement cost. Higher limits cost more but provide full protection.
Pro Tip
Update dwelling coverage annually. Home values increase; underinsurance leaves you vulnerable.
Example
Dwelling coverage of $400,000 providing protection for all structural components.