Garage insurance has more complexities than many assume. Ask the average homeowner about garage insurance and they’ll likely state they simply assumed it is included in homeowners insurance. Indeed, some homeowners insurance policies cover garages. However, that’s not always the case.
Garage Insurance Based on Structure Type
Some garages are not physically connected to the house. In such instances, it is fair to ask if the garage is a component of the insured dwelling. The answer differs by each individual insurance policy. In fact, some insured parties have taken the matter to court for clarification on both wording and coverage.
If the garage is detached, it might not be covered by homeowners insurance. As a result, dedicated garage insurance is necessary. However, if the garage is attached to the dwelling, it might be covered by homeowners insurance.
Check the Small Print of Your Insurance Policy
If you are unsure if your homeowners insurance policy covers your garage or if you need separate garage insurance, take a look at your policy’s declarations page. This page explains the details of coverage, communicating what is covered and not covered at your Farmville, VA property.
Keep in mind if the homeowners insurance policy covers “other structures” not connected to the actual dwelling, there will be distinct limits for those structures. As a result, it might make financial sense to obtain garage insurance coverage through the Gantt Agency.
Moreover, if you own or manage a business, it is in your interest to obtain dedicated garage insurance, regardless of whether your company’s garage is attached or detached.
Contact the Gantt Agency Today
Serving Farmville, VA, our insurance professionals are knowledgeable and friendly. Give us a call today to learn more about our insurance options and get a customized quote.