Homeowners insurance can leave home with you

Business loss
Business loss © wavebreakmedia/

If you travel for business, the computer or other work-related property that you take with you can be covered under your homeowners insurance -- within a limit, often expressed as a percentage.

"So if the equipment you use for business is (normally) insured for $5,000, it would be insured for $500, or 10 percent, away from the premises" under your homeowners policy, McCummings explains.

He warns that if you're a road warrior who travels fully loaded with a laptop, tablet, smartphone and peripherals, don't assume a claim for one of these items will be paid under the more generous terms for personal, nonwork property.

"Say you have a super Mac laptop that you use as a clothing designer," he says. "You can go back and say, 'This is my personal computer,' but if they find out that it's something you use for work, there might be a problem."

Hilliard says it's best to avoid complications. "Give your agent a call if you're taking your laptop, camera or other equipment with you to make sure you're well covered under your (homeowners) policy. It never hurts to double-check before you head out."


Show Bankrate's community sharing policy
          Connect with us

Compare multiple quotes in just 6 minutes


Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.


Jay MacDonald

Black Friday kicks off ‘car theft month’

Car thieves are attracted to holidays for good reason: Vehicles are loaded and are often unattended.  ... Read more

Partner Center

Connect with us