Dwelling Fire Insurance in Houston, TX
Owning a property that you rent out or leave vacant comes with a different set of risks than living in a home full-time. Standard homeowners insurance is designed for owner-occupied residences, which means it may not cover properties used in other ways. Dwelling fire insurance fills that gap, offering focused coverage for the structures these homes.
What Is Dwelling Fire Insurance?
Dwelling fire insurance is a type of property insurance policy designed to cover residential structures that are not owner-occupied. It financially protects the physical building against fire, lightning, burglaries, vandalism and other covered perils listed in the policy. Depending on the form you choose, coverage can be broad or more limited, and you can add endorsements to address liability, loss of rental income and other exposures.
Who Needs Dwelling Fire Insurance?
This coverage is a strong fit for a number of property owners, including:
- Landlords renting to long-term or short-term tenants
- Owners of vacant or seasonally unoccupied homes
- Investors purchasing rental properties
- Those who inherited a home they do not occupy
Is Dwelling Fire Insurance Required?
There is no universal legal requirement for dwelling fire insurance, though mortgage lenders may require it. Requirements vary by lender and state, so reviewing your loan documents and consulting our team before assuming coverage is optional should be a top priority.
Get Coverage That Fits Your Property
A rental or vacant property represents a significant financial investment. Contact LS Insurance & Tax today to review your dwelling fire insurance options and build a policy that fits your properties.