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Approximately 38 million home-based businesses operate in the US, with about 40 percent having just one employee. Many of these individuals rent their homes. These solo businesses might be a side gig, such as selling cosmetics or hand-crafted items, or a full-time enterprise, such as creating paintings and sculptures or repairing small motors. Whether you have inventory or are a professional who sees clients in your home, it’s incorrect to assume that your renter’s insurance policy will cover all your business-related insurance needs.

Renter’s Insurance: What’s Covered and What’s Not

Generally, renter’s insurance covers your personal possessions, such as your television set, clothes, and furniture. Such policies do not cover the building in which you live. That’s the responsibility of your landlord. That’s why renters’ insurance is usually much less expensive than homeowner’s insurance.

However, if you have a home-based business in your San Antonio, TX apartment, rental home, or rental condo unit, your standard renter’s insurance policy won’t cover your business inventory or the items that belong to others that you may have in your possession to repair. Nor will it include any liability protection if one of your clients trips on an extension cord in your office and breaks his ankle. For these scenarios, you need to purchase commercial insurance or maybe umbrella insurance, depending on the size and scope of your business.

To learn more about coverage for the business you operate from your rental home, contact AlphaSure Affordable Insurance Services. We’ve been helping San Antonio, TX residents with their insurance needs for over 20 years.

Nowadays, renting has become a preferred lifestyle choice for many people. For some, it is a stepping stone towards homeownership. Regardless of your reason for renting a home, there are certain things you should be aware of before signing that lease. If you are renting or contemplating renting in or around San Antonio, TX, renters insurance can play a pivotal role in safeguarding your belongings and more. People primarily rely on the AlphaSure Affordable Insurance Services team for their renters’ insurance requirements.

Know Before You Sign the Lease

Moving into a new place can be an exhilarating experience, but make sure to do your homework before signing anything. Here are a few prerequisites before you put pen to paper.

Peruse the Contract

We’re often reminded to read the contract when purchasing a vehicle, phone, or internet connection. This is undoubtedly good advice, but it’s critical when leasing a space we’ll call home. So, this can’t be stressed enough: read the contract before you sign the rental agreement.

Safeguard Your Deposit

Make sure you thoroughly understand the terms and conditions of your deposit. Many people use it as a down payment for their next rental, so don’t forfeit your deposit due to a lack of understanding.

Grasp the Insurance Terms

Whether you’re renting a home or a unit in a building or complex, it’s necessary to know what the owner’s property insurance covers and excludes. In most situations, it doesn’t cover your personal property and valuables. Renters insurance proves invaluable during cases of theft, fire, flood, or other forms of loss or damage.

To learn more, contact our AlphaSure Affordable Insurance Services team today to arrange a meeting for the comprehensive renter’s insurance protection that San Antonio, TX, residents need.