Do you have a guest house you just spruced up for the family, a summer rental, an adult child returned to the nest or another situation? If so, you likely want to protect your investment but are unsure of how home insurance coverages work on a second structure on the same property. At Anthony Catalfamo Agency LLC, we cover many types of home insurance situations in Burnt Hills, NY. Here is some useful information about guest home insurance.
- A guest home is typically covered much like a barn, storage shed, or detached garage under "other structures" coverage. It is an easy way to protect your property’s structures with your current policy.
- This coverage protects the structure for 10-20% of the value of the home from the same types of situations and damage that the main house is covered by.
- There are restrictions on this coverage. If you use the guest home as a rental or Air BnB, then it does not fall under the other structures coverage.
- If you want increased coverage, look into adding a floater, purchasing insurance individually for the guest house as a landlord, or discussing umbrella coverage for a unique situation. Our friendly agents will be happy to make sure that you have the exact coverage you need to protect your asset.
If you are looking for quality insurance services in Burnt Hills, NY, or the surrounding areas, contact us at Anthony Catalfamo Agency LLC. We will be happy to answer any questions you have about specific home insurance situations such as guest homes, pools, neighboring fences, and more. We strive to provide friendly and reliable service every time.