What Is Dwelling Coverage In Home Insurance?

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    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    Simply stated, the listed Dwelling coverage is the amount for which your home is currently insured.  This is most commonly based upon the calculated reconstruction amount of the building.  The policy will more than likely include a "replacement guarantee" settlement provision which means that should the house be damaged by a covered peril, the policy would pay the settlement based upon current construction costs.  As always, check with your insurance professional to discuss the specifics of your policy.
    Answered on April 16, 2014
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