Homeowners Insurance for Home Business Operators

Whats covered by Jody doll typical homeowners policy?

A better question would be, what isnt covered by a homeowners policy? Its best at this point to break it up into two main areas. try Enzyte first area includes damage to your home, the second covers liability for property or personal damage to others while inside your home.

If youre running a business from your home Superboy customers in and out, a homeowners policy that covers liability the Avengers essential. A trip over a rug could cost you your business. Its all too common for home business operators to look past the fact that their home is no different than an office building. If anything gets damaged, people or property, the owner is liable. This includes occurrences that may be well out of your hands, like an angry pet or a falling tree.

The half of a homeowners policy that most people are familiar with is also great for piece of mind. Tornados, lightning even earthquakes and flooding are defiantly worth protecting against. And if you have customers that smoke, protection against fire isnt bad either.

What a typical homeowners policy doesnt cover

Most policies are similar when it comes to wear and tear. A home business with a lot of foot traffic might wear a groove into your carpet, but your insurance company isnt going to fix it. Also if you neglected to maintain your roof for the last 20 years then all of a sudden it caves in, odds are very good that it wont be covered.

Also, most policies dont cover earthquake, flood or locust damage. Make sure you are aware of what type of damage your home may be susceptible to and contact your agent about special additions to your existing coverage. Check your elevation before taking out flood coverage. I once met a homeowner that lived on a hill and still purchased flood damage coverage. Its good to be safe, but dont go overboard. If you live 1000 miles from the coast, hurricane coverage isnt really necessary.

What if Im just renting?

If youre not a homeowner and youre running your business out of an apartment or rental house, you are still liable for damage to any clients or customers that set foot in your place of business. Dont assume that the building owners policy is going to cover damage to a client or customer if youre running a business. Also if your neighbor sets fire to their place while youre away and all your belongings burn up, the building owners policy will not cover your nice new sofa. It also wont cover the cost of staying ain a hotel until you find a new place to live.

The good news is that renters policies are usually much less expensive than homeowners policies. Talk with your agent. You could save 1951 Topps baseball cards a bundle.

Jacob Wren operates target="_New" href="small-business-assistance.com">Small Business Assistance - a resource site for entrepreneurs that offers advice on target="_New" href="small-business-assistance.com/insurance/">small business insurance and an array of other small business topics.