Carriage house insurance is an insurance policy that covers leasehold garages attached to a carriage house property, usually owned by a property. In short, this means that the house is owned and the garages are leased. ?
The owner usually lives above the garages and uses one of the garages. Sometimes there are carports instead of garages; however, the principle and insurance cover are the same. ?
The leaseholder must cover the building structure, including all garages, and must protect its legal liability. If a leaseholder using one of the garages suffers damage or injury as a result of the building, the owner may be held liable – civil liability is a ‘must have’. The leaseholder also has a responsibility and all too often does not know exactly what was stated in the title deed of his own home when purchasing his home with leasehold garage, which is part of someone else’s property. ?
There is no permission to install plumbing or electricity. No permission to store goods/furnishings – the garage may only be used for the storage of a Motor Vehicle. The motor vehicle leaseholder is assumed to have insurance that fulfills the obligations of the leaseholder. The leaseholder also only has use of the driveway to access the garage and park his vehicle – this driveway is not intended to be used as storage/land for the leaseholder. For example, you may not use the driveway to store a container, nor may you store garbage cans, bicycles or other items in it that are not related to parking a motor vehicle. With the consent of the leaseholder, negotiations can be held about temporary use of the land/access/driveway, for example temporary storage of a loading platform during a renovation of a home for only a few days.
The leaseholder should not be permitted to allow a garage leaseholder to store hazardous items such as flammable liquids. ?
The leaseholder may also be able to ask the leaseholders for a monetary contribution towards the cost of the buildings portion of the policy – this is usually detailed in the title deeds of the property and is usually limited to around 10-20% per leaseholder. The contribution must only be calculated from the cost of the home insurance – and all other costs on the own policy may not be included in the calculation of the contribution.