If disaster strikes, your insurance might not cover the cost of rebuilding your home. Insurance agents say construction costs are very high. As California warns.
If your equipment is worth more than about $2,500 you may need a separate carve out specifically for those things, said Kates.
It s not just about having equipment at your home. Kates says if you are conducting business out of your home as well you might need to check your policy. If you have significant foot traffic coming to your home out of the ordinary from your pre-pandemic home life, then you should reevaluate, said Kates. Talk to both your employer and your personal insurance company about what that increased liability may require for coverage.
If you ve put it off, now is the time to talk to your insurance agent to see if you re protected by your current policy.