Definition and Meaning
Other Structures refer to buildings and constructions on the insured’s property that are separate from the main dwelling, yet fall under coverage by homeowners’ insurance policies. These may include garages, tool sheds, fences, patios, and more.
Key Takeaways
- Coverage: Homeowners insurance typically includes ‘Other Structures’ coverage up to a percentage of the insured value of the main dwelling.
- Examples: Garages, tool sheds, fences, driveways are common ‘Other Structures’.
- Isolation: For a structure to qualify, it must be detached from the main house, generally connected only by power lines or fencing.
Etymology and Background
The term derives from property insurance language aimed at segmenting the main home and its appurtenant structures to offer targeted coverage. As homes grew to include various additional buildings and features, insurance policies evolved to delineate these for precise coverage and risk management.
Differences and Similarities
Differences between Dwelling and Other Structures:
- Attachment: The dwelling refers to the main living quarters, whereas other structures are detached.
- Usage: The dwelling is typically residential, while other structures may vary in use.
Similarities:
- Coverage: Both are covered under homeowners insurance policies to protect against risks like fire, theft, and natural disasters.
- Need for Maintenance: Both require regular maintenance to remain covered.
Synonyms and Antonyms
- Synonyms: Outbuildings, auxiliary buildings, accessory structures
- Antonyms: Main building, primary dwelling
Related Terms
- Homeowners Insurance: A policy that provides coverage for the home itself along with possessions and other structures on the property.
- Property Insurance: Coverage for damage or loss of physical property, including structures or personal belongings.
- Dwelling Coverage: Protection against physical damage to the primary home.
Frequently Asked Questions
Q: Are swimming pools covered under ‘Other Structures’?
A: Yes, coverage usually applies if they are permanent fixtures.
Q: Do I need to declare all ‘Other Structures’ when purchasing a policy?
A: It’s recommended to declare them for accurate coverage and to avoid issues during a claim.
Exciting Facts
- Percentage Coverage: Homeowners policies typically offer 10% of the dwelling’s insured value for ‘Other Structures’.
- Multi-Faceted Coverage: Certain ‘Other Structures’ may qualify under multiple categories within a policy, e.g., a detached home office.
Quotations
“A home is more than where we lay our heads; it includes everything we have built around us.” — Jonathan Green
Humorous Sayings
“Sure, my tool shed doesn’t need the luxury of the main house, but it still deserves insurance love!”
Regulations
Under U.S. federal guidelines and various state regulations, insurance companies must clearly outline the coverage limits and exclusions related to ‘Other Structures’.
Literature and Further Studies
- “Comprehensive Guide to Homeowners Insurance” by Rebecca Perry
- “Understanding Property Insurance” - Journal of Risk Management
Quizzes
Written by Jonathan Green, shining a light on your insurance pathway.
“May your tool sheds be safe, your fences strong, and your premiums low!”
