| Yes,
within certain limits. Both inventory and business
property are covered as personal property used for business
purposes. However, like all personal property, there are
monetary limits on reimbursement. Whether your home
business is your primary occupation or a hobby that nets you
a few hundred dollars a year, it is still a business, and
you should treat it as such. If you've invested quite
a bit in equipment (woodworking tools, for example) and sell
the occasional decoy, you should consider whether the
personal property limits are sufficient. Also,
keep in mind that the personal liability protection in your
homeowners policy does no extend to business
liability. Check with your LPL Insurance agent
concerning your business insurance needs.
Click HERE to return
to our Home Insurance Section
|