Garages and Your Homeowners Insurance: Are You Covered?

Most people understand the need for homeowners insurance and the value of having the right coverage for their home and what they value inside. When getting the right homeowners insurance, however, most people do not think about their garage. This is a big mistake because many factors go into insuring the garage and what is inside.

Attached Garages

Attached garages are automatically covered under your homeowners insurance Altamonte Springs FL and do not cost more to insure. If you build a garage onto your existing home, however, you will want to contact your insurance agent. The attached garage adds to your home’s value, so you will need to make sure you get the insurance updated to match the new value and to cover any damage done to the garage and any valuables stored in the garage.

Detached Garages

When it comes to coverage, detached garages are more complicated. If you have an existing detached garage or build a new one, you will need to talk with your agent about whether it is covered by current insurance. Structures other than the house itself are not always automatically covered; however, it is usually not much more expensive to add them onto your homeowners insurance policy. When you discuss the coverage, you will also need to talk about what the insurance covers. If you want the valuables inside covered, you will need to specify that on the policy.

Garage Contents

What is inside the garage matters. If you have valuables, you need to make sure they are covered. For example, if you use your garage as a hangout with entertainment equipment, you will want to have the value covered. If you store anything hazardous, such as flammable liquids, your agent needs to know because of the increased risk to your home.

In the end, you want to get the homeowners insurance coverage that is right for you and your garage. Your garage and what is inside matter. Insure them wisely.