Dwelling Insurance

Vacation Homes, Investment Property, Vacant Property

Carroll Steele Insurance provides the best available selection of insurance products from over 35 insurance companies- including dwelling insurance. Having such a large selection enables us to provide a variety of insurance products, discounts and programs specific to our customers life style and needs.

This policy provides coverage, similar to homeowners, for dwellings that are not eligible for homeowner coverage including, but not limited to, rented dwellings. Coverage can be purchased for: fire, windstorm and other specified causes of loss. Other structures associated with a covered dwelling have limited coverage which can be increased. There is also coverage for loss of rental income if the home cannot be occupied due to a covered loss. Liability coverage can be included with the fire policy. Dwelling Fire policies with Liability coverage are often used with condominiums you own and rent to others.

coverage

description

Dwelling

Coverage for your dwelling against losses from fire, theft and other common causes (except those that are specifically excluded).

Total coverage based on replacement cost and not market value- cost to rebuild home at today's building costs. Depending on home location, materials to rebuild and current building costs amount of coverage can be calculated using $100-$250 per square foot.

Other Structures

Coverage for other structures, such as sheds and unattached garages, for most causes of loss (except those that are specifically excluded)

10% of dwelling coverage amount (i.e. dwelling coverage = $100,000 | other structures coverage = $10,000)

Loss of Rent

Coverage for necessary extra living expenses to stay elsewhere temporarily if it’s impossible to live in your home.

20% of dwelling coverage amount

Personal Liability

Coverage for personal injury to others, wrongs such as libel, slander, invasion of privacy. *Some companies may not offer liability on their dwelling policy

Tenant Relocation Expense

In case of covered loss to property will pay for expense to relocate tenants until repairs can be done to property

$100,000

Personal Property

Not usually a standard coverage but can be added as endorsement for limited coverage for personal items at dwelling.

We have access to over 35 insurance companies each providing their own exclusive credits and discounts. One more example how Carroll Steele Insurance is providing the best in product selection and service. Check the list below to see what credits and discounts we can provide you.

ITEM

Discount %

Description

Multi Policy Account Credit

10%

Discount on renters if both auto and renters policies (Home, renters or condo) are written by Carroll Steele Insurance Agency.

Alarm System Credit

Up to 25%

Depending on type of system, fire, burglar, we can provide a substantial discount.

Age of Home / Renovations Credit

varies

Credits based on age of home, electrical system, heating/cooling and plumbing systems.

Loss Free Credit

15%

Claim free for at least 4 years.

Non-Smokers Credit

Non-Smokers can enjoy an additional 2% credit on their renters insurance policy. One more way we award safe homeowners!

Question

Answer

If I have a vacation home do I need to get a dwelling policy or can I insure it with a normal homeowners policy?

Depending on how you use your vacation home will depend on what type of coverage you need. If you rent out your vacation home at any time during the year you may be required to have a dwelling policy. However, if you use the home solely for personal use then most likely you can cover the home with a homeowners policy. Ask you agent or contact us for more information conerning properly covering your vacation home.

If you have a question that isn't answered here please submit it to us using our Ask An Expert forum!

For your convenience we provide 3 different ways to request a quote. Select which is easier for you.

Online Quote Form

Request a quote using our online quote form. It takes on average about 10 minutes to complete.

Fax or Mail Us Your Current Policy

Fax or Mail us your current policy and we'll provide you a quote. No need to fill out an online quote form- It's simple and quick! Click the button below to download and print our fax / mail cover sheet.

eMail Us Your Current Policy

Everything we need to know is within your current policy declaration page. Simply email us a copy and we'll email back a quote.

Basic insurance policy coverage's vary with each insurance company. The above information is offered as a general summary of the most common coverages offered on a typical Massachusetts insurance policy and may not include all coverage's or complete details of all coverages that may be available. To determine the best coverage and policy for you and for a complete understanding of coverage's available please give us a call @ 1.800.570.9697, or email us- we are here to help you for all your insurance needs.