cheap homeowners insuranceThere are more than 38 million home based businesses in the United States, creating a combined total of $427 billion per year. Every 12 seconds a new home based business is started, and they are as unique as those who start them. What they do have in common is the home based part. If you are one of those 38 million, it is very important you have the right protection because your normal homeowners insurance policy may not cover all of your work related assets. Make sure you know how much insurance you need for your home business in order to ensure you get a cheap homeowners insurance policy that covers you completely.

You can make sure you are covered by adding additional business insurance coverage that will replace the tools of your trade. This may include computers, printers, data storage devices, or even extra inventory you may have.  Many homeowners insurance companies now understand that there are many of their customers who have a home based business. Some have begun to tailor their policies to include home business insurance coverage and can attach a home based businesshome insurance rider to your plan. A rider is an optional add-on to a homeowners insurance policy. It provides additional coverage for the things you own that are worth more than the limit of your regular homeowners insurance policy.

If you already have cheap homeowners insurance you can ask your agent if they offer riders that will add home business insurance coverage. If not, shop around and take the time to look at all the options for cheap homeowners insurance that have specific additions you need.  Here are some of the more common riders that are usually considered by individuals with home based business.

No matter what kind of home based business you have, make sure you understand your home insurance policy and exactly what is covered and not covered. Know the maximum amount of money it would take to repair or replace the things that are vital to your business success and make sure your policy is extended to cover those things.
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