You’ve found the perfect homeowners policy for your needs – that’s great! But did you consider your ‘other structures’ needs? Do you know what are considered other structures?
Other structures in general are any man-made structures that are separated from your dwelling by a clear space. This includes, but is not limited to, structures such as a detached garage, shed, guest house, outdoor kitchen, or entertaining area. It can also include sidewalks, patios, swimming pools, driveways, fences, retaining walls, and sprinkler systems. All of these items can be damaged by perils that are covered by your homeowner’s policy, but may require further review to determine the best way to insure them.
Other structures insurance, or Coverage B, can come into play in various ways as part of your homeowner’s property coverage and is an important step in the evaluation of your insurance needs.
Other structures covered with an automatic percentage of coverage based on the insured value (Coverage A) of your home.
What if 10 percent is not enough for your detached structures? Use an endorsement to add additional coverage!
What if 10 percent is too much coverage? Do I have to keep the 10 percent coverage B limit?
As always, the best advice I can give is to contact an independent agent to help answer all your insurance questions! A trusted advisor is invaluable for your peace of mind!
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