At Hanneken Insurance Agency Inc., we serve Little Falls, MN, with the home insurance its residents need to protect their financial investment in their abode. This blog answers common questions about what business equipment your home insurance covers and how to increase that protection through riders.
What Home Insurance Covers
Your homeowner’s policy does cover a limited amount of business equipment. Most home policies include about $1,500 of coverage for business-related items. A home policy covers property damage to personal property but not business equipment.
That might not seem like a lot of money, but a home policy covers typical living arrangements. The policy’s design best suits those who go to work at an office every day and rarely bring homework, computers, or equipment. Of course, as times changed, the insurance industry evolved to provide coverage for those who work from home and run home-based businesses.
Home-Based Business Rider
If you anticipate needing to keep business inventory or equipment at home, add a policy rider developed for home businesses. This added coverage lets you set the policy coverage amount, so if you own $10,000 in computer equipment and store it at home, you can cover that amount.
Hanneken Insurance Agency Inc. works with Little Falls, MN, businesses to create customized coverage for them to suit their needs. That means we can set coverage levels at the valuation you need to cover your equipment.
Contact Hanneken Insurance Agency Inc. Today
Contact us today to set up an appointment or a Zoom meeting. We’ll ask a few questions about your home business and your equipment, then provide you with a quote for your updated home policy. You can cover your home business equipment under your home insurance policy, and we can help.