Your policy from a home insurance company in Miami, FL, covers the cost of rebuilding or fixing structures on your property other than your home if a covered peril such as fire, wind, or hail damages them. This is called Other Structures Coverage (Coverage B). This includes garages, sheds, and other buildings on your land that are not attached to your home. It also includes fences that a named peril could damage.
Other Structures Coverage Amount
A basic home insurance policy from a place such as Del Toro Insurance will usually cover 10% of the total dwelling coverage for other buildings. You might need more than the standard 10% coverage if you have more than one detached building on your land or a garage that has been updated. Talk to your home insurance agent about adding a rider, which could increase the money that your policy covers for Other Structures.
Reducing the Risk of Claims
You can get your home and family ready for disasters in your area by taking certain steps. You can keep your other buildings safe by following many of the same steps. If you read some homeowner’s protection tips from your home insurance company in Miami, FL, you might be able to avoid having to file a claim for damage to other buildings on your land.
Homeowner’s Insurance as a Whole
The coverage that comes with your home insurance policy is more than just security for your home. There’s more to home insurance than the sum of its parts, but knowing those parts can help you get the best one. These types of coverage are usually part of a regular policy: dwelling, other structures, personal property, loss of use, personal liability, and medical payments.
