For example, you might decide to get a property survey if you’re planning to build a new structure on your land, such as a pool or accessory dwelling units (ADUs). Placing a fence is another common reason for property surveying since for this project you need to know precisely where the...
A condo’s dwelling coverage may also be called building property coverage in your policy. Is dwelling coverage required? Though you’re not legally required to buy dwelling coverage, your lender will likely require it if you have a mortgage. This helps protect the lender’s financial investment...
What is a loft apartment? A loft apartment is a dwelling that offers one large, open space without internal walls. Aside from the bathroom, which is always separate, there are no distinct rooms. Loft apartments are quite large, typically exceeding 1,000 square feet in even the densest of c...
What is the difference between P&C insurance and dwelling policies? Property and casualty insurance is distinct from dwelling policies in that the latter does not provide liability coverage unendorsed and is meant for properties that are not a primary residence. While P&C insurance can be applied br...
In its most simple sense, the termdwelling housemeans home. It refers to one’s abode, domicile, or place of human habitation. It is the place in which one or more persons currently live. A dwelling house is a place where people generally return at night, sleep, prepare meals, ...
Designed to protect your belongings, personal property coverage can help repair or replace your things if a covered event happens, such as theft or fire.
a homeowner from building a structure too close to his neighbor's property. Setbacks establish a distance from a property boundary within which building is prohibited. Property setbacks can sometimes also prevent a homeowner from extending a dwelling or structure all the way to his property line....
Dwelling coverage: Helps pay for repairs to the structure. Other structure coverage: May help pay for other structures on your rental property, such as a garage, fence or deck. Personal property: This includes any equipment or machinery left on the property, from a snowblower to a stove and...
Dwelling insurance is a type of insurance policy used to insure only a dwelling. It doesn't cover any surrounding property or any personal items contained inside the dwelling. Types In addition to stand-alone dwelling insurance, some companies sell Landlords Dwelling Insurance that protects the land...
A granny flat is a detached living space on the property of a single-family home. It can also be referred to as an ADU, or accessory dwelling unit. DESIGN & PRICE The term ‘granny flat’ comes from one of the popular uses of an ADU as a home for elderly or aging relatives. Other...