Detached Structures and Home Insurance

Oct. 15, 2009 - PRLog -- WeCompareInsurance.com providing home insurance information

DALLAS – WeCompareInsurance.com, an independent resource for comparing insurance quotes also provides insurance seekers information on insurance basics and news affecting the industry, including an overview of detached structures and home insurance.

Home insurance provides financial protection against damage to your home caused by disasters and protects your possessions. Home insurance also protects you against liability and legal responsibility for injuries caused by your property and family. Typical standard homeowners insurance provides you four areas of coverage -- the structure of your house, your belongings, liability and expenses in case you are temporarily forced from your home because of an insured disaster.

Does home insurance cover detached structures?

The quick answer is most likely, but because every home insurance policy is different you should take the time and find out exactly what sort of coverage you have on a detached garage, shed or other building on your property. When you check into your home insurance policy and find out what protection your detached structures currently have you can expect to find ten percent coverage of your home’s coverage for detached buildings. If you have a $100,000 home insurance policy, your shed or detached garage is covered for $10,000.

This amount of insurance may be plenty for your detached building, but you should take stock of the value of the structure and what is stored inside your detached building. A simple tool shed with a small collection of lawn and gardening tools may be adequately covered by insurance provided by your home insurance policy. On the other hand, a detached garage with a brick exterior and a loft apartment on a second level might require quite a bit more coverage in terms of possessions in the building, and especially for replacement value in the event the garage is damaged by a storm or other event.

One other consideration to keep in mind with detached structures and home insurance is your home insurance policy will not cover the building if it is used for business purposes other than for parking business vehicles.

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WeCompareInsurance.com was founded in early 2006 and is dedicated to providing free, fast and highly competitive quotes for seekers of auto insurance, home insurance, life insurance, health insurance and renters insurance. The WeCompareInsurance application process is provided at no cost to the insurance seeker and takes about five minutes. The application is presented to hundreds of insurance providers and brokers and the top five offers based on each individual application are immediately returned for review. WeCompareInsurance excels at matching insurance seekers needs to insurance providers offering great insurance quotes. Website: http://www.wecompareinsurance.com