Dwelling Fire Coverage
Knowing the difference between Dwelling Fire Insurance and regular Homeowners Insurance is important if you own multiple properties. It’s easy to confuse the two types of policies due to their similarities, but the differences are significant.
How Dwelling Fire Coverage Differs from Standard Plans
Typical homeowners insurance policies pay for damage to the owner’s primary home in the event of certain types of disasters. Fire protection is usually part of the coverage. Dwelling fire coverage applies to vacation homes and other properties you may own but don’t use as a regular living space. It covers properties such as cottages, cabins, and rental investments. It covers attached structures such as garages and decks as well. If you need Dwelling Fire Coverage request a free quote HERE.
When to Use Dwelling Fire Insurance
It’s essential to consider Dwelling Fire Insurance when you own multiple properties but don’t need standard Homeowners Insurance for each location. Certain locations cost more to insure with basic plans than others, depending on the neighborhood’s crime rate and the condition of the home. Here are some common reasons to choose Dwelling Fire Insurance:
- Owner usage
Homes that are difficult to insure due to poor conditions can benefit from Dwelling Fire Insurance as add-on coverage.
- Second homes
Owning a second home is common among high-income earners with families. Fire coverage is important regardless of how often it’s used, especially if your home is situated in a dry, woodsy location.
- Investment opportunities
A common use of Dwelling Fire Insurance is for owners of rental properties to protect themselves against damage caused by renters.
- Vacant homes
Houses that are unoccupied for extended periods can attract vandals and can be a fire hazard if not well maintained. These homes should be regularly inspected and covered with Dwelling Fire Insurance. Follow us on facebook for latest news and offers.
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Does Airbnb and VRBO cover house fires?
Airbnb and VRBO hosts need two types of coverage: liability coverage and property protection. The liability coverage is all that Airbnb in-house policies offer, leaving a significant gap in coverage for hosts. If the property itself is not protected, hosts risk losing everything if there is an incident such as a fire. Property protection covers more than just the structure; it covers the business property in the Airbnb, including furniture, kitchen appliances, and home goods.
Homeowners’ policies may not always be enough to cover you when you have an Airbnb. Consider Peterson & Grantham for your short-term rental property insurance coverage. Getting a comprehensive policy that covers you for common losses is important.
The best way to purchase Airbnb insurance is through a broker. It makes getting approved in any location easier and results in lower rates. Get an instant quote from us today. We are a top rated insurance solution for short-term rental hosts.
I have both my auto and home owner insurance with them. They provide exceptional customer service and are committed to making sure you are getting the best coverage while still finding ways to save you money. They are professional and easy to work with. I highly recommend Peterson & Grantham Insurance Brokers.
MELISSA PAMINTO
WOW!!!! I just switched from Geiko to CURTIS AND SAVED OVER $400 Dollars on my Home and Auto Insurance! Curtis is very professional and was up-front with me on the costs and what he could do. He told me right from the beginning what he could do without being too pushy or salesy... I appreciated that. I just sent him my current policy info for what i had and he responded within an hour with his quote which was significantly better.
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Great company all around. Super easy to deal with, easy access, and they cover pretty much all you will need for both personal and commercial service. 10 stars all around. I highly recommend contacting them to review your polices and/or to look into additional coverage.
THOMAS LEONARD
Peterson and Grantham are highly professional! They shopped around to get me the best deal with the most coverage and as a business owner that’s important in case I ever had an issue. Very responsive with any questions I had and based on their answers very knowledgeable about insurance regulations! I highly recommend them for your insurance needs!
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P&G Insurance is a professional insurance company and takes care of all our insurance. They saved us money with great coverage.
ATMA FITNESS
