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Dwelling Fire Insurance vs. Homeowners Insurance.
One choice of insurance that will protect you against fire damage to your home is fire dwelling insurance. Fire dwelling insurance is offered to protect all listed dwellings on your property such as your house, garage, sheds or other structures, from certain types of damage. Losses covered by fire dwelling insurance typically include fire, collapse, explosion, hail, lightning strike, smoke, vandalism, and wind damage. Perhaps the biggest selling point of fire dwelling insurance is that it fully covers properties that are rented to others. If you own a home and rent it out, you may find that many homeowners’ insurance policies will not cover damage to a home that the insurance policy holder is not living in. Fire dwelling insurance also comes in handy for those who rent their home to others. If damage were to occur to your home due to one of the previously listed causes and you were left unable to rent it, the insurance company issuing your fire dwelling insurance would provide you with a year’s worth of rental value. This would prevent you from losing vital income that may be a major part of your financial wellbeing. Since the insurance company offers you twelve months worth of rental income, you are left with plenty of time to rebuild or mend your home from the damage and get it back up to par and ready to be rented again. If dwelling fire insurance sounds like the best choice for you, keep in mind that there are certain states in the United States that do not make fire dwelling insurance available to its citizens. Look into the options in your state before making a final decision. Homeowner’s insurance is a perfect choice for those who own and reside in their own home. If you are renting a home you will qualify for renter’s insurance but not homeowner’s insurance. When shopping around for the right homeowner’s insurance policy for you, you will find that there are a number of types of homeowner’s insurance, depending on what you would like to cover. Dwelling coverage covers your home and any attached dwelling areas that you do not live in, such as your garage. Coverage for Other Structures covers all dwellings on your property, which include your home, garages and guest homes. Other structures can also be defined as swimming pools, hot tubs, decks, patios and other structures on your land. Personal property coverage covers the contents of your home. With personal property coverage not only is your home covered in your insurance policy but all your possessions located within the house that could be stolen or damaged in the event of a disaster are covered as well. If you have a number of expensive items within your home, this is probably a very good investment for you since you would have a number of large investments at risk in the event of a burglary, fire or other unforeseen event. Loss of Use coverage is vital if your home is left damaged so badly that you can no longer live in it. In the event of a disaster that leaves you with no home to live in, this type of homeowner’s insurance will allot you a specific amount of money to cover bills for hotel stays, meals at restaurants, etc. There are a variety of choices when it comes to insurance for one’s home. If you own a home and are preparing to invest in an insurance policy to protect your assets, make sure to do plenty of research before making your final decision. The right insurance can save you a lot of money. DISCLAIMER: This information is for educational and informational purposes only. The content is not intended to be a substitute for professional advice. Always seek the advice of a licensed Insurance Agent or Broker with any questions you may have regarding any Insurance Matter. Wake Up Richer Every Morning... Instant Internet Business Makes Money Automatically... Thomas Hunter is an Internet marketer, author and publisher and has helped hundreds of people become successful Niche Marketers. Explore the highly profitable world of Niche Marketing at http://SixFigureNiches.com our popular membership website. Article Source: http://netsalesinc.com If you have a website or ezine you may freely post this article on your site as long as you include the full resource box above. All links must be active / clickable with no syntax changes.
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