Better Dwelling Coverage

With a standard homeowners insurance policy, your dwelling is insured for a specific amount, which is listed on your policy’s declaration page. Here’s a key difference between standard homeowners and High- Value homeowners. High Value policies often go above and beyond a standard policy by offering extended replacement cost coverage for your dwelling and other structures. This means you will get reimbursed for house repairs that are above the amount listed on the policy. That’s important if local material and building costs rise after a disaster such as a tornado.

If your home has been destroyed, you may even see a “cash out” option in a high-value home insurance policy. This will enable you to take the insurance payout and build your home elsewhere.

© Copyright 2021. All rights reserved. This content is strictly for informational purposes and although experts have prepared it, the reader should not substitute this information for professional insurance advice. If you have any questions, please consult your insurance professional before acting on any information presented.

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