Many small business owners, self-employed professionals, and remote or hybrid employees work from home in Wayzata, MN. Whether you have a den, spare bedroom, or other space for your home office, it’s important to understand how home insurance applies to your workspace.

What Qualifies as a Home Office

A home office is generally a space that’s dedicated to work, typically a specific room. The IRS defines it as a space you "exclusively and regularly use as your primary place of business." If your workspace meets the IRS criteria and you take a home office deduction, then insurance companies will normally treat the space as an office. If you don’t meet the IRS criteria but still think you might have a home office, an insurance company might still cover the space as a home office. We at Pizano Insurance can help you evaluate how an insurer would likely treat your workspace.

Insuring a Home Office

Whether your home insurance covers your home office depends on the specific policy. Some homeowner’s policies include at least basic coverage as a standard feature, but others don’t. An insurance agent can check your homeowner’s policy to see whether it covers a home office and can also check the specific limits for such coverage.

If your current home insurance doesn’t cover your home office, there are two main options:

• Endorsement: Many home insurance policies have endorsements that add on specific coverages. Your policy may have an optional endorsement for a home office.
• New Policy: An independent insurance agent can help you find a new homeowners policy with the necessary protections.

Have an Agent Check Your Home Insurance

If you need help checking your current home insurance, contact us at Pizano Insurance. Our agents have helped many Wayzata, MN, residents find home insurance that meets their needs.