If you don't tell your home insurance company that you're running a business from your house and they find out, what will happen? Will there be any penalties?
I've been running my business from home for the last few weeks. It looks like this is going to be a permanent arrangement. I forgot to notify my home insurance company about this, and now I'm worried that I'll be penalized in some way.
Answer provided by
Answered on Mar 25, 2021
Alexah Grinnell has been working in the insurance industry for 5 years with a primary focus of coverage consulting in the sales department. She has been working for Jerry Insurance since July of 2019 and has also has experience working for AAA and State Farm. She currently lives in Rochester, NY with her husband and 3 kids
“If you do not inform your insurance company that you operate a business out of your home, they can decline a claim if you ever have one, and they also have the ability to cancel your homeowners policy completely for underwriting reasons. It’s very important to let your insurance company know about any business being conducted so that you are insured properly and you don’t run into any issues during a claim. It’s better to be forthcoming now, even if you’re a few weeks late in notifying your insurance company. “
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
Why is it so difficult to file a claim with an insurance company?
"I got into an accident and had to file a claim. My insurance was extremely difficult to deal with. This was my first claim, so I'm not sure why it was so difficult."
Jul 27, 2021
Why is it legal for companies to charge men more for car insurance?
I found out that men get charged way more for car insurance than women. That doesn't seem fair — how is that allowed? Isn't this a form of discrimination?
Mar 12, 2021
"Why was I denied an auto loan for a new Honda by a bank? "
"My credit score is 700 and I have never missed a payment on anything. On top of that, I have a decent job of nearly three years now and have been living at the same address for just as long. What am I missing here? "
Apr 26, 2021