Coverage A: Dwelling

Dwelling coverage protects against damage to the interior of your unit where the master policy leaves off. Items such as your kitchen cabinets, paint, and flooring may be covered under this coverage.

All About Dwelling Coverage

Speak to your agent and condo association to obtain an understanding of what may or may not be covered in your condo unit. Shared items such as roofs, windows, and balconies may be covered by the condominium’s insurance policy, however, this is not always the case and you need to select the proper coverage in the event of a loss.

Typically, a condo policy covers structural items inside your condo unit such as paint, flooring, cabinets, crown molding, etc. When you remodel or upgrade your living space, it is a good idea to review your condo policy to insure the proper coverage is in place.

What's covered?

Coverage A can cover most common events, such as:

Fire or smoke

Hurricane

Hail

Lightning

Explosion

Water damage caused by burst pipes

Theft

Vandalism

Weight of ice, snow, or sleet

Impact by aircraft or land vehicle

Riots

How much Coverage A do I need?

The Coverage A limit of a condo policy is determined by the cost to rebuild the home at today’s prices in the event of a covered loss. Factors such as building cost, materials, and labor factor into the Coverage A limit at the time the policy is purchased.

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Coverage A limits are not to be confused with market value calculations or real estate pricing as these numbers are often arbitrary and based on what someone is willing to sell or buy a home.

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To determine the right amount of Coverage A limits you need, consider the materials used in your kitchen, flooring, bathrooms, etc. then talk to your agent to obtain additional resources and information.