Coach Houses are built over 3 floors; Similar to town houses, except that the ground floor is a single garage. This is a popular and space saving option for home builders to incorporate all the facilities a modern family needs using smaller plots of land to provide them. Therefore, it is considered economically economical to build houses. Affordable home construction means affordable home prices! Everyone is a winner with this new space saving concept!

This property layout is usually smaller, with just 1-2 bedrooms; 3 bedroom carports are rare but we are seeing more being built lately.

Carports are typically 3 properties (although in some cases connected may be more), an owner will be responsible for securing all the garages that the carport block is built on and can request that the other homeowners, who will have access to their garage with a 999-year lease, you will pay a contribution to the insurance costs, although the policy is not exclusive to garages and will include your house too! However, it is considered reasonable that the policyholder could request about 25% from each of the other owners of the garage to cover the costs of insurance on their buildings.

This is an effective way to share the cost of insurance and protect the legal liability of each agency. However, the other homeowners will also need to have their own Coach House buildings insurance policy, to insure their own home (excluding the garage, of course, which is leased through your neighbor) Hard to follow? It may be unless you have been given some good advice! You will need to clarify the details of how everyone should protect themselves and their property against lack of insurance in the event of a claim! This tends to be when policyholders realize they are uninsured, just in case they file a claim!

There are also typically significant areas of driveway space shared with these parcels, and this liability should be included in the garage owner’s policy that also insures the garages.

There are policies available to cover these risks, although they can be hard to find! There aren’t many available on the market, so it can take time to find the right policy for you. Most importantly, make sure that the insurance policy you choose includes all of these risks and that the insurance provider is fully aware of the construction, lease setup, and shared responsibilities involved. Without investing the proper time, making sure you purchase the right buildings insurance policy, could result in you finding out that you are, in fact, uninsured should you come in to file a claim.