What is the primary purpose of a Dwelling Policy?

The primary purpose of a Dwelling Policy is to provide property coverage for residential structures that are not eligible for a standard homeowners policy. This type of policy is designed specifically for properties that may not meet the typical criteria for a homeowner’s insurance policy, such as rental properties, vacant homes, or homes owned by investors.

Dwelling Policies focus on the physical structure itself, offering protection against perils like fire, wind, and vandalism. They are ideal for covering risks associated with properties that may not fit into the conventional homeowner model, ensuring that property owners and investors can still secure necessary insurance.

While aspects like liability coverage for homeowners or coverage for personal belongings may be important in the overall context of insurance, they do not represent the main function of the Dwelling Policy, which centers on the structure and the inherent risks to that property.