If you own a garage, whether for business or personal use, you might wonder how its insurance compares to a standard home insurance policy. While both types of insurance provide valuable protection, they’re designed to cover very different needs. At Gantt Agency in Farmville, VA, we’re here to help you understand the key differences so you can make informed decisions about your coverage.
Home Insurance: Protecting Your Living Space
Home insurance is designed to protect your primary residence. It typically covers the structure of your home, your personal belongings, and liability if someone gets injured on your property. Detached structures, like garages, sheds, or fences, may also be included under your home insurance policy, but coverage for these is usually limited. A standard home insurance policy won’t provide adequate protection if you run a business or store valuable equipment in your garage.
Garage Insurance: Tailored for Specific Risks
Garage insurance is a specialized policy designed for individuals or businesses that operate garages. It provides coverage for risks that home insurance doesn’t, such as tools, machinery, and vehicles stored or serviced in the garage, as well as liability for accidents or damages related to garage operations. This type of insurance is especially important for business owners who run repair shops or use their garages for commercial purposes, as it offers protections tailored to these activities.
Choosing the Right Coverage
Understanding the difference between home and garage insurance is essential to protect you. If you’re unsure which type of policy is right for you or need guidance in tailoring your coverage, contact Gantt Agency in Farmville, VA, today. We’ll work with you to create a policy that fits your unique needs.