Home insurance can cover the land on which your home is built, but it typically does not. The quarter or half acre of land your home is built on is pretty much just a geographical location. There is property of value on the land, but there's not much that a storm can do to the land itself. As such, there's not much that an insurance company can do to cover it.

Is Land Insurance Worthwhile?
Your land insurance might cover your landscaping and any concrete fixtures — such as walkways on the land. But typically, these features are not worth filing a claim for. Paying the deductible — plus having a claim on your record for a cement pathway you could easily replace on your own — is just not worth it for most homeowners.

Now, if you have several acres of land with a hedge maze and a prize-winning rose-bush, that might be another story. But, by and large, there's not much that land insurance can do for the typical suburban homeowner.

If a home is completely leveled by a storm, fire, or other disaster, your home insurance company is paying to rebuild the house. Any changes that need to be made to the land will likely be made by the builders in the process of constructing a new home. Not that there's much damage a fire can do to a quarter acre of dirt in the first place, of course.

So, you probably don't need to include your plot of land on your insurance policy. But your policy might include it anyway. If this is the case, you could be paying more money on your premiums for a policy that you're never going to make a claim on.

This is why it's important to read your policy through, and to contact your agent with any questions you might have. Read your policy before you agree to it. Then, read it after the fact so that you can make necessary changes if there's some detail that you missed the first time. 

It really can’t hurt to give your policy a gander now and then. Life circumstances can change, and you may find that your policy is outdated. Or you might just stumble onto some piece of fine print that you never noticed before.