How much coverage does Sherrie have available for damage to her fence under a typical HO-3 policy with a $150,000 limit for Coverage A - Dwelling?

In a typical HO-3 homeowners insurance policy, Coverage A pertains specifically to the dwelling itself, while other coverages are designated for different types of property and structures. Among these, Coverage B usually provides protection for other structures on the property, such as fences, sheds, or detached garages. Coverage B is generally calculated as a percentage of the amount of Coverage A.

For most HO-3 policies, this percentage is typically 10% of the Coverage A limit. Since Sherrie's Coverage A limit is $150,000, this means that her Coverage B limit for other structures would be $15,000 (calculated as 10% of $150,000). This is the amount Sherrie has available for damage to her fence.

This understanding helps clarify how homeowners insurance policies allocate coverage limits not just for the primary dwelling, but also for other structures on the property. In Sherrie's case, the limit designated under Coverage B directly supports the coverage afforded for her fence.