Other structures coverage is a portion of your homeowners insurance policy. As the name suggests, it protects other structures on your property, either attached or detached.
For a greater understanding of how structures coverage works, here are the basics:
What does “other structures insurance” cover?
Structures like fences, gazebos, detached garages and in-ground pools all count as "other structures."
These structures are generally covered for the same perils as the rest of your home. These covered perils include fire, falling objects, theft or vandalism, snow and ice damage.
However, some policies include other structures coverage under an "open perils" policy. This provides coverage for any event which is not specifically excluded.
How much other structures coverage do you need?
A standard homeowners policy usually includes other structures coverage as a percentage of your main dwelling coverage. The average percentage is 10%, but you can increase your coverage if necessary.
For example, if you've added a high-value structure to your home, you might consider changing your policy to include more protection.
It's best to talk to a homeowners insurance agent for all the details about other structures coverage and the associated limits. They'll help you decide how much coverage you need to keep your assets protected.
About the Author
Pablo Torres
Pablo Torres is a qualified Real Estate Agent with over 10 years experience in real estate sales, due diligence and contract negotiations. Knowledgeable of South Florida neighborhoods. Currently, Pablo focuses his skills on all markets in the Miami metropolitan area.
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He graduated with a degree in International Business from Florida International University (1998) and a masters in business administration from Nova Southeastern University (2003). He had embarked on a career in commercial banking before being driven to switch to one of his passions-real estate.
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