Cover and awning protecting terrace (7)
I believe the answer is:
veranda
'terrace' is the definition.
(I've seen this before)
'cover and awning protecting' is the wordplay.
'protecting' indicates the answer is hidden within the clue.
'VERANDA' is hidden in the letters of 'cover and awning'.
(Other definitions for veranda that I've seen before include "Roofed gallery beside a house" , "Roofed platform level with the ground floor" , "Roofed terrace along the side of a house" , "Porch - portico" , "Part of house roofed" .)