What Other Structures are Covered by My Home Insurance?

Posted in Home Insurance

April 21st, 2010

For many owners, their homes represent the largest portion of their assets and homeowner’s insurance is the way to get some peace of mind. That sense of serenity can fully be gained when consumers are able to educate themselves on all the nuances of their homeowner’s policy.

The largest portion of coverage of a home insurance policy is derived from the “Coverage A” plan, also known as dwelling coverage. Dwelling coverage will provide restitution for a policyholder when their home suffers from direct, physical damages. This fraction of the policy will cover all areas and personal property in the home including bedrooms, fireplaces, decor, carpeting, tile floors, attached garages and the kitchen sink.

What About My Possessions?

Some homes have more than the typical inside contents associated with them. With additional features like gazebos, fencing, swimming pools, freestanding garages and sheds, it’s good to know that “Coverage B” exists.

This section of typical homeowners insurance policies dubbed “other structures” extends to provide coverage for detached structures associated with the insured property. Typically, coverage of other structures is capped to your total dwelling coverage amount.

What are My Other Options?

Riders are a way for homeowner insurance policyholders to supercharge their accounts. Riders provide policyholders with the ability to tweak their homeowner’s policy specifically for their needs. Some common examples include jewelry, flood and even earthquake insurance.

To ensure that not only your home, but also your other structures are completely covered by your home owner’s insurance policy, an additional extended replacement cost coverage rider should be added to your policy.