"If I get a business insurance policy to cover the small business I run out of my house, will I have to pay more for homeowners insurance? "
My home policy doesn't cover my business, so I need to get a separate policy for that. But I'm wondering if I'll be charged more for home insurance as a result.
Answer provided by
Answered on Apr 05, 2021
“There are many factors that can affect the cost of homeowners insurance, and different companies may have different criteria as well. If you were to run a dog-grooming business out of your home, some companies may perceive this as an increased risk as opposed to a tax-preparation business, for example.
It would be best to discuss the specifics of your situation with your insurance agent. Remember that your agent works for you, and they want to find you the right coverage to best protect your interests.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
Does your carmaker's location affect how much you pay for auto insurance?
I own a Hyundai. Does owning a South Korean-manufactured car have any impact on my insurance rates?
Feb 22, 2021
Is mileage a factor when insurance companies decide whether a car is totaled?
How do car insurance companies decide whether a car is totaled or just needs repair? Does the number of miles on the car matter?
Feb 22, 2021