Insuring a Home Office

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If you work in the real estate business, chances are you have a home office, but do you have home office insurance?

According to research from the Independent Insurance Agents & Brokers of America, at least 60 percent of in-home entrepreneurs are not properly insured.

You may not think that operating a home office or a home-based business carries greater liability than simply living in the house, but your insurance carrier probably has a different opinion. Most homeowner's policies limit loss of business property to $2,500, don't cover losses away from the home, and exclude liability coverage for business-related activity.

Coverage for business-related items is probably limited or not included in your homeowner's policy.

Take an inventory of your home office and any off-site equipment you use and determine what additional coverage you need. Here are a few items to consider:
  • Furniture, equipment, and supplies
  • Inventory
  • Money and securities
  • Records of accounts receivable
  • Improvements and betterments you made to your property
  • Machinery
  • Data-processing equipment and computers
  • Valuable papers, books, and documents
  • Mobile property, such as cars, vans, trucks, and construction equipment
  • Signs, fences, and other outdoor property
  • Intangible property (goodwill, trademarks, etc.)

Read the full article and get tons of information on these topics:
Home Office Policy Options
Homeowner's Policy Endorsement
Insurance Coverage for Home Office Equipment

Read the full article by Equifax blogger Linda Rey here:

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Terry McCarley
Right Choice Realty - Cape Coral & Fort Myers, FL - Cape Coral, FL

Never really thought about this - I'm going to have to check out my policy.

Aug 26, 2010 02:46 PM #1
Richard Weeks
All Star Home Group - Dallas, TX
Realtor, Associate Broker


Great advice.  I would bet if you have an office at your brokers office you would need insurance there also.

Aug 26, 2010 03:14 PM #2
John Thomas
E3 Green HOMES - Boulder, CO
EcoBroker, MSEE, MBA

I'll bet many of us haven't thought about this...Thanks for bringing it to our attention.

Aug 26, 2010 03:16 PM #3
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Ilyce Glink

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