Other Structures Coverage
At Abney Insurance in Winter Garden, FL, we understand the importance of protecting your home and property when a covered incident occurs. When consumers shop for home insurance coverage, the main concerns are often the home and its contents. However, knowing that the other structures surrounding your home are protected should the unthinkable happen and how much this coverage pays is equally important.
What "Other Structures" Mean In Your Insurance Policy
"Other structures" in your insurance policy refer to features such as a fence, an in-ground swimming pool, a detached garage, or a gazebo. This coverage generally activates under the same conditions as your home insurance. For instance, if your home insurance covers circumstances such as fire, theft, falling objects, or wind damage, your other structures will likely be covered under the same conditions.
That being said, we always recommend having a conversation with your insurance agent to thoroughly understand what’s covered in your policy. This dialogue will give you peace of mind that you’re completely protected when the unexpected happens on your property.
The Coverage Payment: How Much?
Typically, "other structures" coverage pays a percentage of what your home is insured for. For example, if your home has coverage worth $450,000, and other structures cover stands at 10%, you can receive up to $45,000 for damages to your other structures following a covered incident. This financial protection can give you a sense of security when dealing with property damage.
Other Factors to Consider
When other structures on your property suffer damage, it’s likely that the valuable items you keep inside them will be damaged, too. Rest assured, those items fall under your personal property coverage, so you need not stress about the contents of your other structures, such as a detached garage.
Contact Abney Insurance in Winter Garden, FL for Assistance
At Abney Insurance in Winter Garden, FL, we understand that ensuring protection for your family, property, and finances can be overwhelming. But there is no need to stress. Contact us today at (407) 877-6110, and we will put your mind at ease. We will listen to your unique situation and provide the information you need to make the best decision to safeguard your home and other structures.
