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Natural disasters and common events like vandalism rarely affect only one house in Goldsboro, NC. Hurricanes can spawn tornadoes that rip through entire towns, damaging everything in their path. Thieves often target outer structures, such as garages and sheds. But will your home insurance cover damages to these other structures?
Other Structures Coverage
Most homeowners’ insurance policies include coverage for other structures. This coverage helps pay for damages to structures that are not attached to your home, such as detached garages, sheds, and sometimes fences.
However, coverage for other structures does not include anything attached to the home, such as an attached garage. Fences that are connected to the house may also be excluded, as they are considered part of the main dwelling. Damages to these attached structures would typically fall under your standard policy and share the same coverage limits.
It’s important to note that whether this coverage is automatically included often depends on the insurance company. Speak with an agent at Wayne Realty & Insurance Co., Inc. to learn more about your specific policy.
Coverage Limits
A portion of your standard homeowners’ policy is reserved for other structures. This amount may be as little as 2% of your total property damage coverage. For example, if your policy has a $100,000 limit for property damage, your other structures coverage may only have a $2,000 limit. Some policies offer a more generous limit, such as 10%. It’s crucial to read the fine print to ensure you have adequate coverage before disaster strikes.
We recommend creating a detailed list of other structures on your property, including the cost to replace each structure and the items stored inside. Then, contact one of our agents at Wayne Realty & Insurance Co., Inc. to discuss your options. We can help you find an insurance policy that provides the coverage you need. Contact us today to get started. We proudly serve the Goldsboro, NC area.