But some homeowners are involved in commercial activities at home that aren’t covered by their policies. As a result, they may find themselves at financial risk. If you are earning extra income in one of the two ways listed below, you might want to give us a call to chat about additional coverage.
Renting out your home: You’re renting out that extra room or the apartment over the garage. But the personal liability coverage in your homeowner’s policy is intended to cover personal activities and not those associated with a business. That can lead to problems if a tenant is seriously injured on your property.
Running a home-based child care business: Accidents happen with children all the time. If you are regularly providing day care services, you need to purchase additional liability insurance so that if a child is hurt in your home, you aren’t financially devastated.