Home office rider to homeowners policy

2 Replies

I'm in central florida and a new investor. My insurance agent just quoted me $500/yr to add my home office onto my homeowners policy as an endorsement for only $2500 in coverage for the home office. Are there any cheaper alternatives? I cant justify that cost vs. coverage ratio ( although i may have to so i dont run the risk of a costly claim being rejected if the insurance company finds out i'm running a business out of the home)

Home office meaning you see clients there or home office where you sit at your computer and work?  If it is the later I would retract the request.    I don't know about the insurance company opinion but in my experience I don't bother with a home office endorsement.  I don't see people at my home for business though.

@Colleen F.

 is correct, if no body is visiting, no reason to add the liability side of things.  but you may have a property exposure on that.  Do remember that any business property is excluded above $2500 on the unendorsed HO policy.  So you may want to add increased business personal property coverage, even myself I put an extra $20k for myself on my HO policy.  It ran about $20 a year though.  If I had clients visit it would be about $100 for incidental business exposure.