Sentences with phrase «dwelling coverage increases»
Keep in mind that as your home's dwelling coverage increases the calculated amount of your deductible will also increase.
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Once the amount your dwelling coverage increases, other coverage such as other structures coverage, personal property coverage and loss of use coverage will automatically increase.
Not exact matches
Not only is the coverage more broad, but the types of eligible dwellings have increased.
Improvements: If you make major improvement to the building such as bathroom or kitchen renovation, expansion of room and purchase of new electronics, this may increase the amount of your dwelling coverage.
As you can see in the examples in the table above, annual condo insurance rates for the same policy can increase by $ 234 per year if you choose to double your dwelling and personal property coverages.
When you increase the square footage, your dwelling coverage — the amount that it would take to rebuild your home — could increase.
Mass Evacuation funds provide coverage for any necessary and reasonable increase in living expense incurred while access to the «dwelling» or «unit» is prohibited by order of civil authority for a period not exceeding 2 weeks from the date of the evacuation order.
Inflation Coverage This coverage automatically increases the amount of insurance on the dwelling and personal property as inflation increases the cost of replacing your property.
Extended limits coverage will safeguard you against unexpected increases in building and repair costs, protecting you if the dwelling's replacement cost exceeds the policy's Coverage A limit.
Additional coverage when repair or replacement from a covered loss results in increased cost due to enforcement of any building codes, ordinances or laws regulating construction, reconstruction, maintenance, repair or demolition of your dwelling.
However, if you own a condo, your ALE coverage may be increased up to 50 % of your dwelling limit.
As you can see in the examples in the table above, annual condo insurance rates for the same policy can increase by $ 234 per year if you choose to double your dwelling and personal property coverages.