What does Coverage B typically cover in a homeowners policy?

In a homeowners policy, Coverage B specifically addresses "Other Structures." This coverage is designed to protect structures on a property that are not attached to the main dwelling. These can include items such as detached garages, tool sheds, fences, and guest houses. Coverage B is important because it ensures that these structures are also insured against risks such as fire, vandalism, or severe weather damages, similar to the coverage provided for the primary residence.

This coverage recognizes that homeowners often have multiple structures on their property, and insuring them separately is crucial to protecting the overall investment. In contrast, the other options relate to different types of coverage provided in a homeowners policy. Additional living expenses cover costs incurred if a home becomes uninhabitable due to a covered loss. Personal property coverage pertains to belongings within the home, such as furniture and electronics. Fair rental value relates to lost rental income when a rental property is damaged and can't be leased. Each of these serves distinct purposes, highlighting the specialized protection offered within a homeowners policy.