Sentences with phrase «total dwelling coverage»
Most insurers set your additional living expenses (ALE) coverage at a fixed percentage of your total dwelling coverage amount.
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That's usually 10 % of the total dwelling coverage.
Typically, a standard home insurance policy will provide 10 % of the total dwelling coverage as protection for additional structures.
Most insurers set your additional living expenses (ALE) coverage at a fixed percentage of your total dwelling coverage amount.
Not exact matches
So, if your dwelling coverage limit is $ 250,000, your total ALE expenses could be up to $ 75,000.
You can choose the amount of dwelling coverage that you want to purchase but the amount should be sufficient to rebuild your house in case of total loss.
Your home insurance protection presents a total package, not just dwelling coverage.
Your home insurance protection presents a total package, not just dwelling coverage.
If your home is completely destroyed (called a total loss), your insurer will give you a payment for the full amount of dwelling coverage on your policy, minus your deductible.
If you have a mortgage, the lender would only require the minimum coverage for dwelling so they can recover their investment in case of total loss.