Will Home Insurance Cover Other Buildings on My Property?

Home Insurance Policies

Home owners must protect their investment from a variety of potential threats. There are many different options when it comes to home insurance and all policies are not created equal.

There is actually some significant variance between policies. Sometimes homeowners aren't exactly sure what specifically is covered by their policy and what is not. Part of this stems from how confusing insurance can be sometimes. One aspect of coverage that many homeowners aren't clear on is how their home insurance works in regards to other buildings on their property such as sheds, garages, swimming pools and similar structures.

These varied structures are important for the structure itself but also for the contents stored within them. After all, most of a home's outbuildings are designed for storing various items. Perhaps it's a shed storing gardening tools and mower. It might be a garage storing power tools, vehicles or maybe a boat. Not only is the structure itself important but so are the contents. Homeowners also wonder if their home insurance covers these items as well.

For the most part, home insurance policy will cover any other buildings on your property. Usually policies will cover these structures for about 10% of the value of the home. It is important that when taking out a home insurance policy, that you notify the insurer of all of your outbuildings. Failure to do so can negate any coverage for them. Also, as time goes on, homeowners make improvements to their property. For instance, they may build a garage or a shed where there was not one previously. Again, you will need to notify your insurance agency so you can obtain proper coverage. For the contents of these buildings to be covered, you will need to make sure that content insurance is part of the home insurance policy. Sometimes it is not, so check carefully. Do not assume you automatically have it.

More Insurance Articles

What Are The Benefits Of A Mortgage Payment Protection Insurance Policy?
What Are The Benefits Of A Mortgage Payment Protection Insurance Policy?

Mortgage Payment Protection Insurance is not compulsory, although it can somtines be a condition of some loans. Find out the benefits of taking out such a policy.

  • 6th January, 2007
A Guide to Insurance Policies for Landlords
A Guide to Insurance Policies for Landlords

Taking on tenants can be a risky business. As a Landlord it's more than advisable to take out a Landlord's Insurance Policy.

  • 30th December, 2006
Cheap Home Building and Contents Insurance For Home Owners
Cheap Home Building and Contents Insurance For Home Owners

Cheap Home Building and Contents Insurance. Is there such a thing? It seems easy enough to find plenty, if not hundreds, of companies offering cheap house insurance.

  • 30th September, 2006
The Importance Of Home Contents Insurance
The Importance Of Home Contents Insurance

A home contents insurance policy should cover everything you would take with you if you moved home.

  • 23rd September, 2006
Finding And Buying A Homeowners Buildings Insurance Policy
Finding And Buying A Homeowners Buildings Insurance Policy

Selecting the best deal from the huge range of policies on offer can be a nightmare. You will need to pick your way through this insurance jungle very carefully indeed.

  • 16th September, 2006

More Household Articles