Insurance

What is a Dwelling Fire Policy?

Dwelling Fire Policy

[dwel-ing / fahyuh r / pol-uh-see]

noun

1.

A Dwelling Fire Policy differs from a standard Homeowner’s Insurance Policy by explicitly listing the hazards covered by the Policy. Dwelling Fire Policies don’t have to only cover damage from fire and smoke, they can also cover damage from things like wind, explosions, or vandalism, if those causes are specifically written into the Policy. These policies are useful for a dwelling that will not be inhabited by the owner, such as a landlord insuring a rental property.

Share |

Have A Question About This Topic?

Thank you! Oops!

Related Content

What is a Producer?

What is a Producer?

Do you know what a Producer is?

How Compound Interest Works

How Compound Interest Works

Use this calculator to better see the potential impact of compound interest on an asset.

Medicare Advantage 101

Medicare Advantage 101

Overview of Medicare Advantage, what’s in them, special rules, and more.