What is Dwelling Coverage? Dwelling Coverage[dwel-ing / kuhv-er-ij]noun1.Dwelling Coverage is the portion of a Homeowner’s Insurance Policy that covers the physical structure of the insured home. It is the portion of the Policy that may help rebuild the structure of a home if it is damaged. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Extended Care: A Patchwork of Possibilities What is your plan for health care during retirement? Keep Your Life Insurance When You Retire This article is perfect for those looking to maintain their life insurance or explore alternate options during retirement. Protecting Those Who Matter Most The importance of life insurance, how it works, and how much coverage you need.