Dwelling claim settlements are subject to policy provisions and cannot exceed the stated limit. That said, many insurers offer add-ons that broaden coverage. Some endorsements to consider:
Review your homeowners insurance policy annually. Confirm the dwelling coverage limit is in line with your home's replacement cost. Adjust for home improvements like remodeling the kitchen, a room addition, or an expanded deck. Check other coverage limits too - especially contents and liability. Increase coverage amounts to accommodate personal property requirements and financial assets. Be familiar with policy exclusions and limitations. Evaluate your insurance needs, identify policy gaps, and ask a local insurance agent how to address these concerns. Avoid surprises by putting adequate insurance coverage in place before a loss occurs.