There’s more to your homeowner policy than just coverage for the house you live in. It also provides coverage for other structures on your property.
These may include all structures and buildings not sharing a foundation with your house. Most insurance policies provide 10 percent coverage for other structures. For example, if you insure your home for $200,000 an additional limit of $20,000 applies to all other structures. Remember that if you have a total loss, you don’t receive $20,000 for each structure, but $20,000 total for damage to all other structures. A large detached garage by itself can exceed this amount in many cases.
So how do you know you have appropriate coverage?
- Fey Bruder Insurance