DWELLING ~ This provides coverage for the dwelling, including structures attached to the dwelling at the described location.

OTHER STRUCTURES ~ Provides coverage for structures that are on the same location but separated by clear space.  This could include an unattached garage or storage building.

PERSONAL PROPERTY ~ Covers personal property owned by the insured while used in occupancy of the dwelling.  This could include equipment such as lawnmowers used to service the property.  This coverage would not apply to a tenant’s personal property while they are renting the dwelling.

FAIR RENTAL VALUE ~  Provides coverage for the fair rental value in the event the dwelling becomes uninhabitable due to an insured peril.

LET’S SAY ~ the duplex you own is damaged by fire and the monthly rental value is $300 per unit.  You would receive $600 per month until the units are repaired.

LIABILITY ~ Covers you if someone is hurt while they are on your property and you are held liable.