Dwelling Fire Insurance in Florida

What Is Dwelling Fire Insurance?

Dwelling fire insurance is a basic property insurance policy that covers the structure of a home against fire and other specified perils. It is typically used for properties that do not qualify for standard homeowners insurance, such as rental properties, vacant homes, homes under renovation, or properties that have been deemed too high-risk for conventional coverage. While more limited than homeowners insurance, dwelling fire policies provide essential protection for your property investment.

Why You Need Dwelling Fire Insurance

• Provides coverage when standard homeowners insurance is not available or too expensive
• Protects rental properties and investment properties from fire and other covered perils
• Covers vacant homes or properties undergoing renovation that standard policies exclude
• Offers affordable basic protection for the structure of your property
• Helps meet mortgage lender requirements even when you cannot get standard coverage

Common Coverages

Dwelling fire insurance comes in different forms with varying levels of coverage. The most basic form covers fire, lightning, and internal explosion. Mid-level coverage adds perils like windstorm, hail, explosion, riot, aircraft, vehicles, smoke, vandalism, and theft. The broadest form provides coverage similar to homeowners insurance, protecting against all perils except those specifically excluded. These policies cover the dwelling structure itself, and you can often add coverage for other structures on the property, personal property, and loss of rental income. Liability coverage is usually available as an optional addition rather than being automatically included.

When Do You Need Dwelling Fire Insurance?

You may need dwelling fire insurance if you own a rental property and want basic coverage, if your home is vacant for an extended period, if you are renovating a property and standard insurance is not available, or if your property has risk factors that make it ineligible for homeowners insurance. Properties with outdated electrical systems, older roofs, or certain construction types may only qualify for dwelling fire coverage. The Gordon Agency can assess your situation and determine if dwelling fire insurance is the right solution.

How Is This Different From Homeowners Insurance?

Dwelling fire insurance is more limited than homeowners insurance. It typically does not include liability coverage as a standard feature, offers fewer covered perils unless you purchase broader forms, and does not cover personal belongings as comprehensively. It is designed for properties that are not owner-occupied or have characteristics that make them ineligible for standard homeowners policies. However, it provides essential structural protection at a lower cost.

Can I Add Additional Coverage?

Yes, you can usually add optional coverages to a dwelling fire policy. Common additions include liability coverage, personal property coverage, loss of rental income, and coverage for detached structures. You can also add endorsements for specific perils or increase your coverage limits. Working with The Gordon Agency ensures you build a policy that meets your specific needs while staying within your budget.