Definition of «dwelling limit»

The phrase "dwelling limit" refers to the maximum amount of coverage or protection that is provided for the physical structure of a home or building in an insurance policy. It specifies the highest amount the insurance company will pay if the dwelling is damaged or destroyed.

Phrases with «dwelling limit»

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Sentences with «dwelling limit»

Leverage inflation: Many insurers increase your dwelling limit every year by considering the inflation of the house rebuilding costs. (insureye.com)
However, if you own a condo, your ALE coverage may be increased up to 50 % of your dwelling limit. (valuepenguin.com)
With Mercury, if your dwelling limit is $ 100,000, you would receive $ 150,000 of coverage. (valuepenguin.com)
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