Do You have NYC Home Insurance Coverage On Your Garage and its Contents?

In the excitement of purchasing a new place, you may not fully realize what is or is not insured. For instance, you might assume the structure of your unattached garage is included in your homeowner’s insurance policy. While it’s true that generally speaking standard home policies include coverage for garages and other structures on the property, it is a good idea to double-check on your NYC home insurance policy inclusions with your agent. Unattached garages need coverage as well as attached garages. Another thing you should be concerned about is coverage for the contents of your garage.

Personal items contained in your garage would most likely be included in the Personal Property section of your policy. People sometimes keep huge amounts of valuable goods in their garage. Garage contents might include sports equipment, camping gear, landscaping tools, bicycles, play toys and assorted tools. Evaluating and determining replacement costs for garage contents is very important. Once you determine the value of all the items in your garage, you need to check coverage amounts and any limitations in the Personal Property section of your homeowner’s insurance policy.

Power tools such as sanders, drills, routers, electric saws and miscellaneous tools are usually expensive. It’s important to make sure these items are included in any home inventory listings you draw up and that you have adequate coverage for your full collection of tools.

When updating insurance for your home contents, don’t forget any new purchases in your garage. Talk to your agent about your NYC home insurance policy, if you believe your coverage may be too low.

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