on an insurance quote what does the dwelling mean? and can i go down from 68000 on personal property?
2006-07-21 16:23:59 · 7 answers · asked by pooh bear 4 in Business & Finance ➔ Insurance
The dwelling is the building. I can't answer that personal property question without knowing all the details but typically the coverage represents a percentage of the policy value. Talk with your agent and don't be afraid to get competitive quotes. Also sometimes if you combine auto and homeowners with one company you get a better deal.
Lastly don't underestimate what it would cost you to replace the contents of your home.
2006-07-21 16:55:05 · answer #1 · answered by Lori A 6 · 0⤊ 0⤋
The dwelling is the place you live, like a house. Of course you can go down to any amount you want. The more you claim, the higher the monthly payment will be, and if by chance you ever actually need to put in a claim for your personal property, you are going to have to actually prove that you had it to begin with, and, that it was actually worth what you claim.
Take this into consideration when purchasing insurance.
2006-07-21 23:27:35 · answer #2 · answered by jmiller 5 · 0⤊ 0⤋
Dwelling means building. It could be the house, on a homeowners policy, or a house, on a farm policy.
On a homeowners policy, the personal property is a percentage of the building limit - usually somewhere between 70% and 50%, depending on the company, and cannot be lowered.
2006-07-22 12:38:03 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋
Dwelling is the place (house, apartment, condo). The personal property is set as a percentage based on the "dwelling's" market value. You really do not want to go down, it won't save any money.
2006-07-21 23:28:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
dwelling is a dwelling place look up the answer on the Internet it will tell you what you are looking for good luck.
2006-07-22 02:18:19 · answer #5 · answered by precious73@verizon.net 2 · 0⤊ 0⤋
That is the place you live.
2006-07-22 18:21:36 · answer #6 · answered by tigertiggerii 3 · 0⤊ 0⤋
Place you live, and yes you can go down and pay less, but they will also pay you less when you claim !!!
2006-07-25 16:03:08 · answer #7 · answered by Anonymous · 0⤊ 0⤋