As more people turn to creative and practical hobbies at home, it’s important to understand how your insurance coverage works. Whether you’re experimenting with a home-brewing setup, crafting custom furniture, or setting up a mini woodshop, these hobbies can bring risks. Fortunately, Home Owners Insurance in Albuquerque NM, can often provide coverage to help safeguard your home and your belongings. At ABQ Insurance, we’re here to walk you through what you need to know about protecting your home-based passions.
Why Hobbies May Need Extra Coverage
Most home insurance policies cover personal property against events like theft or fire, but certain hobbies may require additional considerations. Here are some popular home-based hobbies and how insurance may protect you:
1. Home Brewing: Brewing at home is an enjoyable and rewarding hobby, but it involves chemicals and equipment that can pose risks, including fire hazards or leaks. Standard home insurance typically covers fire and certain accidental damages. However, if your brewing setup causes significant damages, you might want to check with ABQ Insurance to confirm your equipment is covered and if any specific clauses may apply.
2. Woodworking & Carpentry: Carpentry tools and woodwork equipment can be costly and might fall outside regular coverage limits. Power tools, saws, and lumber could be covered as personal property under your Home Owners Insurance policy, but higher-value tools may need additional coverage. Talk to our agents at ABQ Insurance about potential options, such as endorsements or an equipment rider, which can extend protection for these items.
3. Gardening and Greenhouses: If you’re passionate about gardening or have a small greenhouse, the plants and specialized equipment you use could be insured under a standard policy, although certain exclusions may apply. For instance, damages from extreme weather might not be covered unless specific endorsements are added. For gardeners in Albuquerque, ABQ Insurance can help you understand your options
4. Art and Craft Studios: For those creating art, pottery, or jewelry, it’s essential to have coverage for your supplies and finished pieces. Insurance may cover these materials as personal property, but more expensive setups could warrant a policy review. ABQ Insurance can help determine if additional protections for materials and artwork might be beneficial.
What Happens If You Sell Items You Make?
Some homeowners with hobbies like woodworking or craft-making may decide to sell items to friends, family, or even online. While this can be a fantastic way to share your creations, it could influence your coverage. Once a hobby involves selling products, it may be considered a business, which could require different insurance.
Tips to Ensure Proper Coverage
- Inventory Your Equipment: Make a list of all equipment and tools used for your hobby and note each item’s value.
- Consider a Home Inventory Update: Regularly updating your home inventory is key, especially if you frequently add new tools or materials.
- Consult ABQ Insurance for Personal Property Coverage Limits: Ensuring that your Home Owners Insurance in Albuquerque NM includes sufficient limits for your hobby-related items is essential.
ABQ Insurance Can Help Protect Your Hobbies
Hobbies should bring enjoyment, not worry. At ABQ Insurance, we’re here to help you review your coverage and make sure that your unique home-based activities are protected. Whether you’re a home brewer, woodworker, or artist, we understand your passion and want to support it by ensuring you have the right insurance protection.
