Landlord / Dwelling Fire Insurance - Product

Dwelling Fire Insurance Policy

A Dwelling Fire Insurance Policy, or landlord policy, is one of the best options that provides protection for residential properties that are not occupied by the owner. Whether you're a landlord, own a vacation home, or rent out a single-family residence, this type of policy ensures that your property is safeguarded against risks such as fire, windstorms, vandalism, and more.

Who Needs a Dwelling Fire Policy?

  • Landlords: If you own a rental property, this policy is designed to protect the physical structure of the home, ensuring that your investment is secure.
  • Owners of Vacation Homes: Properties that aren't your primary residence, such as vacation homes, also benefit from this type of coverage.
  • Seasonal Rentals: If you rent your property out part of the year, a dwelling fire policy may be a more suitable option than traditional homeowners' insurance.

What Does a Dwelling Fire Policy Cover?

1. Property Protection

  • Coverage for the physical structure of your property, including the roof, walls, and foundation, against named perils such as fire, lightning, or wind damage.

2. Detached Structures

  • Coverage extends to other structures on your property like garages, fences, or sheds.

3. Personal Property (Optional)

  • If you leave personal items such as appliances or furniture in the rental, you can add coverage for your belongings.

4. Loss of Rental Income

  • If your rental property becomes uninhabitable due to a covered event, the policy can reimburse you for lost rental income during repairs.

5. Liability Coverage

  • Protects you in case someone is injured on your property and you are found liable, offering financial protection for legal expenses and damages.

Why Choose a Dwelling Fire Policy Over a Homeowners Insurance Policy?

While standard homeowners insurance is designed for owner-occupied residences, it often does not apply to properties that are rented out or remain vacant for long periods. A dwelling fire policy fills this gap, providing tailored coverage for landlords, rental properties, and non-owner-occupied homes. It gives you the flexibility to protect your property investment without the restrictions of traditional homeowners' policies.

Get the Right Coverage for Your Property

At Insurance Select, we understand that every property is unique. Our Dwelling Fire Insurance policies are designed to offer customizable protection based on your needs. Contact us today to learn more and get a free quote!

 

* Disclaimer: The information provided on this website is for general informational purposes only and does not constitute legal, financial, or insurance advice. Coverage options, terms, conditions, and exclusions vary based on individual circumstances and the policies issued. For specific details about your coverage, please refer to your policy documents or consult with a licensed insurance agent. Insurance Select is not responsible for any errors or omissions in the information provided or any actions taken based on it.