On the basic HO policy unattached structures are automatically cover usually at 10% of the covered policy amount. Is this per unattached structures or is it one coverage for all unattached? (i.e. a Barn valued at ,000 and Tool Shed valued at ,000 – and the HO policy is covered for 0,000 – will the coverage for the Barn and Tool Shed be ,000 or ,000?) Thanks in advance for any help.

 

  • mbrcatz17 1:38 pm on August 30, 2010

    OK, when you mean basic, do you mean basic HO-1 form? That’s a "BASIC" form. Or do you mean a standard HO-3 form??

    If you’re talking about an HO-3 form, it’s the TOTAL LIMIT OF ALL UNATTACHED STRUCTURES – garages, barns, sheds, etc. If the house is insured ofr $100,000, the standard policy will provide $10,000 of "other structures" coverage – TOTAL, not per structure.

    But you can increase that limit by endorsement VERY easily.

  • Dave1001 1:38 pm on August 30, 2010

    The 10% covers all structures, so the answer to your question is, it’s $10,000 for everything.

    If that coverage is not sufficient, you can normally endorse your policy for extra coverage. It’s not really expensive to do.

  • MS.veronica_J 1:38 pm on August 30, 2010

    it’s 10,000 in total. You should get the others endorsed. Which means you get it listed. It would be a good idea for the Barn and Tool Shed, think about all the equipment in both. Where do you live by the way..insurance services can be different from state to state.

  • butch 1:38 pm on August 30, 2010

    if you have a farm you should have a farm owners policy
    covers each structure seperately —house,barn, tool shed, – don’t forget to schedule your equipment and high end tools (blanket the small tools)

    opposed to a house with an and unattached garage and contents