As a South Carolina homeowner, you’re likely aware that it’s pretty common to have outbuildings on your property. South Carolina’s temperate climate means that a great deal of living is done outdoors, so many homeowners are avid gardeners, woodworkers, and have similar interests. This means that your property may have a gardening shed, a woodworking shed, a playhouse for the kids, a man cave, a detached home office, or something else. As such, one of the questions that your insurance representative at Ingram Insurance serving Cheraw, SC is often asked is, "Does home insurance cover outbuildings?"
What is Covered?
"Other Structures" coverage typically protects detached buildings against the same risks covered for your main home, such as fire, wind, hail, theft, and vandalism. For example, if a hurricane damages your shed or a fire destroys your detached garage, your home insurance policy may help cover the cost of repairs or replacement. In South Carolina, where intense storms and hurricanes are possible, this protection is especially important.
Coverage Limits
Outbuildings are usually insured for a percentage of your home’s insured value, often around 10%. For instance, if your home is insured for $300,000, your outbuildings might have $30,000 in coverage. But if you have large or specially constructed buildings, such as a workshop with expensive tools or a horse barn, the basic limits may not be enough. In that case, you could increase your coverage by adding an endorsement.
What to Watch For
Outbuildings used for business purposes, such as a workshop where you operate a business, may require separate or additional insurance coverage. It’s essential to disclose how you use your outbuildings to ensure there are no gaps in protection.
If you have outbuildings on your property in South Carolina, reviewing your home insurance policy helps ensure they are adequately covered. A quick conversation with your agent at, Ingram Insurance in Cheraw, SC can help you and help protect all parts of your property.
