What typically triggers the start of coverage under a dwelling policy?

The start of coverage under a dwelling policy is typically triggered by the receipt of premium payment. This is because insurance is a contractual agreement that requires consideration from both parties involved—in this case, the insurer and the insured. The insured agrees to pay a premium, while the insurer agrees to provide coverage against specified risks. Until the premium is received, the insurer does not assume any risk, and therefore, coverage does not begin.

While signing the insurance contract is a necessary step in the process, it is the payment of the premium that activates the coverage. The other mentioned options, such as events occurring within a calendar year or property inspections, do not directly initiate coverage. Instead, they may relate to policy terms or conditions but not to the triggering of coverage itself.