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What You Need to Know About Dwelling Coverage

Tuesday, November 24, 2020   /   by Brad Brethouwer

What You Need to Know About Dwelling Coverage


Welcome to part two of my video series about homeowners’ insurance. For today’s message, I’m once again joined by Paul Stokes of American Family Insurance, and this time we’ll focus on dwelling coverage—or the amount of coverage you need to rebuild your house in case disaster strikes. Insurance companies refer to this amount as a “bucket of money,” and it’s coverage “A” on your home insurance policy. It should be based on the local materials and labor costs it would take to rebuild your home. A lot of companies add a little cushion inside their policy when it comes to this, and a lot of good policies have inflation riders too. It’s important to check in with your agent every once in a while to make sure your dwelling coverage correlates with changes in building costs over time. 
If you have any more questions about dwelling coverage, feel free to give Paul a call at (608) 274-9702. If you have any other questions for me, don’t hesitate to give me a call as well. I’d love to help you.