What Is Dwelling Fire Insurance?

A regular homeowner’s policy in Austin, TX will typically cover everything except those things that are listed as exclusions. A dwelling fire policy, however, will cover specifically-named perils. Because of this, if there are certain assets that you want to make sure are covered by insurance, then a dwelling fire insurance policy may make for the best choice. For now, let’s take a closer look at what a dwelling fire insurance policy is. 

What is Dwelling Insurance?

Dwelling insurance is sometimes called "dwelling coverage." It can be part of homeowner’s insurance policy and may aid in paying for the repair and rebuilding of your home if certain damages occur that are related to weather damage, vandalism, or explosions. This policy is namely for landlords who rent out properties and have no need to put insurance on any of the contents of the home.

Know the Difference

  • Homeowner’s Insurance: Offers coverage on the structure, contents, and the property of a home. It offers protection from fire and helps pay bills related to the repair, rebuilding, and replacement of the home.

  • Dwelling Fire Insurance: These policies are popular for rental properties. If you rent a property to tenants, it is vital to have dwelling fire insurance.

What It Covers?

Fire is not the only type of claim that dwelling fire policies cover. This is why it is a popular option for secondary residence and rental properties. A few things covered under dwelling fire insurance may include;

  • The Dwelling: Including cabinets, flooring, countertops, roof, walls, exterior porches, light fixtures, and built-in appliances.
  • Other Structures: Storage sheds, detached garages, and fences.
  • Fair Rental Value: Your policy will reimburse the homeowner for the loss of rental income when the property has been damaged and the rental unit is uninhabitable.

Contact Us Today

If you would like to learn more about dwelling fire insurance, please contact the Southwest Insurance Center serving the Austin, TX area. 

The Importance of Having Flood Insurance in Austin, TX

If you are a homeowner in the Austin, TX metro area and you don’t already have flood insurance, you might want to think again. Some of the biggest floods in recent years have been in Texas, and although Austin was not hit, it could be next. Check out these important facts and statistics about Flooding in Texas:

Flood Prone Austin

The average annual rainfall in Austin TX is 34 inches. That doesn’t sound like much, but the problem is that much of it can come at once.  May and September are the rainiest months, with contributions from dissipating tropical storms coming up from the Gulf as well as stalled-out cold fronts. Rainfall amounts exceeding 5 inches in several hours are not uncommon and can cause widespread flooding.
The Colorado River Flows through Austin. Over the years, Colorado has been prone to flooding. In the 1930’s, when Austin was much smaller, the swollen Colorado flooded Austin several times and cut the city in two. In addition, Central Texas is known as "Flash-flood Alley". Flash floods, emanating from smaller streams and tributaries of the Colorado River are a concern every year. Because of its dynamic growth, more and more concrete has been poured in the Austin metro area, contributing to increasingly large flood runoffs during storms.  

Southwest Insurance Center, Serving Austin, Texas

If you own a home or business in the Austin metro area, speak with the team at Southwest Insurance Center today about getting flood insurance. Southwest Insurance center is a one-stop independent insurance agency covering all aspect of home, auto, commercial and other insurance needs.