Choose the Right Policy For Your Needs
Making The Right Decision
When it comes to protecting your home or property, it’s essential to have the right insurance coverage.
In Montana, home insurance generally falls into two main categories: Dwelling Policies and Homeowners’ Policies.
The right choice for you depends on several factors, including property type, occupancy, and your specific coverage needs. At Armor Insurance Agency, we’re here to help you find the best policy for your situation.
What’s the Difference Between Dwelling (Landlord) and Homeowners’ Policies?
A Dwelling Policy is typically designed for non-owner-occupied properties like rental homes, vacant properties, or homes under renovation.
In contrast, a Homeowners’ Policy is designed for owner-occupied properties and offers broader protection for your home and personal belongings.
Dwelling Policy
This type of insurance is ideal for:
- Landlords renting out property
- Homes under renovation or construction
- Vacant properties
- Seasonal or vacation homes
Key Features of a Dwelling Policy:
- Covers the structure of the home against perils like fire, wind, and vandalism
- Optional add-ons for liability or contents coverage
- Does not typically cover personal property of the tenant
- Flexible coverage for unique situations such as short-term vacancy or renovations
Homeowners’ Policy
A Homeowners’ Policy is the best choice for:
- Owner-occupied homes
- Primary residences
- Homeowners seeking broader coverage
Key Features of a Homeowners’ Policy:
- Covers the structure of your home and attached structures like garages
- Personal property protection for your belongings (furniture, electronics, etc.)
- Liability coverage for accidents or injuries on your property
- Additional living expenses if you need to live elsewhere during repairs
Comparison: Dwelling Policy vs. Homeowners’ Policy
| Feature | Dwelling Policy | Homeowners’ Policy |
| Who it’s for | Landlords, vacant properties, homes under renovation | Owner-occupied homes |
| Structure coverage | Yes | Yes |
| Personal property coverage | Optional (usually minimal) | Yes (includes furniture, electronics, and more) |
| Liability protection | Optional | Yes |
| Additional living expenses | No | Yes |
| Best for | Rental, seasonal, or vacant homes | Primary residences, owner-occupied homes |
Frequently Asked Questions About Home Insurance
Question: Do I need both a dwelling and homeowners’ policy?
Answer: No, typically, you only need one or the other, depending on whether you live in the home or rent it out.
Question: Does a homeowners’ policy cover flood damage?
Answer: Most homeowners’ policies do not cover flood damage. You would need separate flood insurance for that.
Question: What if my home is vacant for a long period?
Answer: If your home is vacant, a dwelling policy is generally more suitable as standard homeowners’ policies often don’t cover vacant properties.
Question: Can I get coverage for a home under renovation?
Answer: Yes, a dwelling policy can cover homes under renovation, ensuring the structure is protected while it’s being worked on.
Question: What’s the difference between personal property and liability coverage?
Answer: Personal property coverage protects your belongings, while liability coverage protects you if someone is injured on your property or if you accidentally damage someone else’s property.
Ready to learn more?
At Armor Insurance Agency, we can help you find the right coverage for your property in Montana.
Whether you need a Dwelling Policy or a Homeowners’ Policy, we’ve got you covered.