Welcome to another episode
of Insure it in a minute. I'm Troy burns.
As an insurance broker we get asked
questions all the time.
Hypothetical questions.
What if I _____ my _____ up your _____?
Is that covered?
(nervous laughter)
Sometimes! Depends on the situation!
One  common question we get is:
Troy how does your hair always look so good?
Well a little bit of coconut oil once a week,
a little bit of tea-tree oil in your
shampoo
and that'll get you going right as rain.
Anyway...
What were we talking about?
So we want to kind of
crack some of those myths for you today.
Things that people assume to be covered
under their home insurance policy but
aren't. So the first thing we're gonna
talk about is your unlicensed vehicle
coverage stuff that you've got parked
in your garage, such as your snowmobile, a
cabin trailer, an old truck that you're
working on, if those things are
registerable vehicles and you can
license them; they need to be insured
under an Auto Pak. Another common
misconception is actually your boat
insurance. Some people think that's
actually included on the boat trailer
insurance. It is not. It actually needs to
be added on to your home insurance
policy or a specialized marine policy. So
you need to actually add that separately
for the value of the boat. You also need
to add watercraft liability so if you
actually injure or damage someone's
property on the water, that needs to be
added on to your home insurance policy,
or on that marine policy to make sure
that you have coverage while operating
that boat. And lastly, we want to talk
about is business insurance for the home.
A lot of people run a small business out
of their home, whether it's an accounting
office, a photography business, or perhaps
a hair salon of some kind. Those types of
businesses aren't actually covered under
your home insurance. You need to have an
extension added on to your home policy
called a home-based business endorsement,
or you need to actually go out and seek
out a commercial policy for that
business.
So talk to your broker you know who to call
and we'll get you hooked up and sorted out straight.
So, thanks for listening.
I'm Troy Burns.
