The dwelling limits on a Long Island, New York homeowner policy covers the structure. In the event of a total or partial loss your dwelling coverage is the dollar amount you have to rebuild your home That dwelling limit is determined by several factors. However, the main determining factor is the square footage of your home. The square footage is multiplied by the standard insurance industry rebuild rate for Long Island. Different geographic areas of Long Island could have a higher rebuild rate. In our local Long Island areas such as Port Jefferson Station, Stony Brook, Centereach, Mount Sinai and Miller Place, your medium rebuild rate of around $200/$220 per square foot. If you go further to the east end of Long Island such as Riverhead, The Hamptons, Watermill or Green Port, to cost per square foot goes up and can go up to $300 or more per square foot. Other determining factors to that rebuild rate would include the improvements that you have made to your home. Items such as wainscoting, tray ceilings, built in wall units, marble counters, all determine your homes dwelling limit. It is important to discuss with your agent all the unique characteristic of your home so that an accurate dwelling coverage limit can be determined.