Doing business of any kind from home comes with some insurance considerations. Many home insurance policies will not cover anything that has to do with business. If you have a home-based business or plan to start one, here are three questions you need to ask concern your home insurance policy.
1. What Does Your Homeowners Policy Cover?
Read over your policy or speak to a representative of your insurance company. Insurance carriers treat home-based businesses differently. By knowing what they allow, and don’t allow, you’ll have a better overview of what kind of commercial insurance you need to add.
Another, more pressing concern is how your insurance company views home-based businesses in general. Sometimes, business activity of any sort can violate your home insurance policy. So you’ll want to know if that’s a possibility as well.
Check to see what your policy has to say about business equipment. For example, …Read More
Homeowners insurance is a must for all homeowners. Usually if you have a mortgage the mortgage company will require that you carry insurance, however if you own the house outright, you have no requirements. Even if you are not forced to have homeowners insurance you should still carry it. But just because you should have insurance doesn’t mean that you have to overpay on it. Here are some simple things you can do to lower your homeowner’s insurance premiums.
1. Increase Your Home Security
Homeowners insurance doesn’t just cover costs accumulated from natural disasters and accidents, it will also help to recover costs from theft and being vandalized. Thus, the insurance company will have to pay out if or when your house is burglarized or vandalized. This means that if you can improve your home security, the insurance company saves money and you save money, too. Most companies will offer …Read More
As a homeowner, you want to make sure you do all you can to protect your home in case of emergencies. This is why homeowners insurance is so important. It will cover the costs of repairs should something need fixing or replacing. It will also cover your items in case of fire, vandalism or theft. If your home is inhabitable, it will cover the cost of a hotel for you and your family. While homeowners insurance is a must, you still want to get the best rate possible. Follow the tips below to get lower rates on your homeowner’s policy:
Install an alarm system: Installing an alarm system will help deter potential burglars and thieves. Since this decreases the chances of you needing to file a claim, it will help to lower your insurance premium. You can help bring your rate even lower by also installing a fire alarm in …Read More
Not all policyholders realize it, but your homeowner’s insurance policy may include coverage for a family headstone that is vandalized or stolen. Usually, the coverage doesn’t increase the cost of your premium. Check your policy to find out if it provides coverage for headstones and know where you stand by learning the details of the policy in case you experience this type of insurance loss.
Personal Property Coverage
If your home insurance covers headstones, you normally find it under the Personal Property (Coverage C) section of your policy. This is the part that describes coverage for personal property, which includes the contents of your home and personal belongings that you and family members who live with you own. A headstone is considered personal property even if the cemetery is located miles from your home. In most cases, coverage extends to losses related to vandalism, malicious mischief, or theft of a …Read More