Does your car insurance cover theft from your garage? If you don’t have auto insurance, then you might want to consider adding garage coverage to your policy. Garage coverage protects your vehicle against damage or theft caused by another person who has access to your home.
Garage coverage is usually included in homeowner policies, but some homeowners choose to purchase separate garage liability insurance. This type of coverage helps pay for damages caused by someone else using your property.
You should check with your insurer before purchasing additional coverage because garage liability insurance isn’t always mandatory. In addition, you’ll want to read your policy carefully to see whether it covers theft from your garage.
How much does it cost?
The price of garage liability insurance depends on a number of factors, including the size and age of your home, the value of your vehicle, and how many vehicles are covered under your policy. The average annual premium for garage liability insurance ranges between $100 and $300 per year.
What’s not covered?
Some states require that you carry garage liability insurance if you own more than one vehicle. However, most insurers will provide coverage regardless of how many cars you drive.
If you live in an area where there is a high risk of vandalism, theft, or other crimes, you may need to add extra protection to your policy. For example, if you live near a college campus, you may want to include theft-related coverage such as loss of use or replacement costs.
If you’re concerned about theft, you can also ask your insurer to offer optional anti-theft devices like alarm systems, motion sensors, garage door locks and security cameras.
In general, homeowners’ insurance is designed to protect your personal belongings inside your house. It doesn’t cover items stored outside your home, unless they are specifically listed in your policy.
However, if you store valuable possessions in your garage, you may be able to get additional coverage through your homeowner’s policy. You can find out what types of coverage are available by contacting your insurer.
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