Re: Insurance
Jack Stevenson
>I am a former casualty insurance agent. Long retired, but I do recall enough to be of help. I'll be glad to help.
As long as you are not doing a steady business in the garage and the intent is to house your personal tools, then no sweat.
On the other hand if you are writing off your equipment via a Part C business then you could be into an issue.
I should think that if you sell an occasional bowl or take on a commission that is not the primary use of the building.
The devil is in the detail. Remember you are talking to an insurance agent and or underwriter. Don't bury them with so much detail that you end up with a problem.
In my case I've a 3000 sq ft home and a 1600 sq ft dedicated shop. I pay about 2000 buckeroos a year. Mostly that is because I live out in the woods of SW OR in what is known as a Protection Class 9. FYI that is the highest fire risk category.
I hope this helps.
My insurance carrier is well aware that it houses my shop equipment and that I do make a lot of stuff most of which is for the Freedom Pens Project. My company did not blink...
Jack
