Part 4/10:
1. Dwelling Coverage
The first and most recognized aspect is dwelling coverage, which pays for rebuilding your home. This coverage can either be for replacement value or cash value; it's essential to secure replacement value as it ensures you're covered for today's reconstruction costs. For our rebuild, COVID-related supply chain issues increased lumber prices, complicating this process. Unfortunately, we never fully captured the necessary replacement value, partly due to upgrades we chose in our home.