This covers the damaged dwelling of your home. Including, the shed and any attached and unattached structures (but inside your real premises) to your home. The insurer will provide for the repair and replacement to the insured’s home, only if the damage was due to acceptable named-perils. Including fire
, windstorm/hail, sprinkler leakage, vandalism, volcanic eruptions, etc. This coverage has a basis. and that is on what kind of home you have and what limit of the policy the insured purchase.You must purchase insurance coverage that is equal to at least 80% of your home’s replacement cost, for the insurer to cover all the cost of repair to your damaged home minus the deductible. The higher the limit the lesser the deductible. This means the higher the premium you purchased the lesser you will pay for the cost of the damages in your home.