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5865 Ridgeway Center Parkway, Ste. 300
Memphis, TN 38120

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Home Insurance and What’s Covered in Your Garage and Shed

Home insurance is an important part of protecting your family and property, but it’s important to know exactly what it covers. Does home insurance cover the items inside your garage or shed? The answer depends on where you live and the type of policy you buy. Riskbusters Insurance explains what home insurance covers when it comes to your garage and shed. 

Types of Coverage for Tennessee Home Insurance 

There are two basic types of coverage available through most Tennessee home insurance providers. The first is actual cash value, which pays for items at their depreciated value. This means that if something needs to be replaced after an incident, you’ll only get paid for what the item was worth at the time of the loss, minus any deductible costs you have to pay out of pocket. 

The second type of coverage is replacement cost coverage. This type of policy pays for items at their current market value, so if something needs to be replaced after an incident, you’ll be able to replace it with a similar item without losing money due to depreciation.

What Does Home Insurance Cover? 

Most standard Tennessee home insurance policies will cover items stored in your garage or shed as long as they are not excluded from coverage by your specific policy language.

Items like tools, lawnmowers, snow blowers, bicycles, and other outdoor equipment are usually covered up to a certain limit depending on the type of policy you purchase and what company insures your policy.

Contact Us Today

We hope we have answered your questions about covering your belongings stored in garages or sheds! Still have questions? Contact Riskbusters Insurance today.


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