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Whether you are self-employed or not, you must have home insurance. Many people purchase the policy without considering the home insurance rider possibilities and often discover that there is something missing from their policy that they need. There are many different types of riders available and they all serve a very specific purpose. To understand them, you need to first understand what is included in home insurance. In short you will need to know if you are covered as an owner, rent-to-own sales person, or a contractor.If you work for any type of company out of your home, think about adding a home insurance rider into your existing policy. Full Coverage or Indemnity Property: When you own any sort of commercial or residential property, whether it is an apartment, condo, row house or home, you can get coverage for that property from your home insurance policy, even if you don't use it on a regular basis. This is called an 'assumption' clause and allows you to claim on your home insurance policy for any loss you incur that is due to damage done by a third party. It is important to note that this doesn't include antiques, furs, jewelry or collections. This rider is great for businesses that have regular usage.Replacement Cost Rider: You can also add a replacement cost rider when you purchase a home insurance rider policy. This rider would replace the total cost of replacement for any single-family residences, townhouses, multi-family dwellings and manufactured homes. You will need to check the building codes for each particular type of property you are interested in insuring. The rules can differ depending on the type of property you are insuring. This rider can also come in handy if the only other housing on the property is one story and you want coverage for the difference.Additional Coverage: Most home insurance riders also provide coverage for additional risks that may occur beyond those that are stated specifically in the rider. For Insureinfoq , if your neighborhood has a reputation for vandalism, your coverage can also include liability for vandalism that occurs in other areas. If you have a pet, your coverage can include coverage against animal attacks. Some riders also provide coverage for perils that are considered to be typical, such as exposure to extreme weather conditions. If you ride a bike to work, your coverage can include injury protection for people who ride bikes at work.Other riders can provide additional coverage for circumstances that are not addressed by the standard homeowner's insurance rider. For example, some provide umbrella coverage if you suffer a loss caused by fire or smoke penetration. Others may need you to verify your specific needs, typically by asking questions about the kinds of losses that occurred and what kind of coverage you currently have. This information will help the company determine whether you actually need additional coverage. Even if you do not need this coverage, you should still check with the company to make sure you are not leaving yourself uncovered in the event of a major loss.Replacement Cost: Many optional add-on policies offer replacement cost coverage. This means that you will be covered for the cost of replacing your belongings and certain items in your home if they are damaged or stolen. In most cases, these are not offered with standard homeowners policies, but should be considered when comparing options.floater: A floater is a flat dollar amount for which you will receive reimbursement. The standard home insurance policy will reimburse you for your entire home's value, including your home's built-in appliances. However, your home insurance rider will allow you to choose to have some, but not all, of the value of your home replaced. For instance, your flipper might be reimbursed for the cost of replacing your bathtub and/or toilet, but not for your washer or dryer. If you have significant expensive personal property items in your home, such as jewelry or antiques, it might be wise to include them in your floater.Standard home insurance policies typically do not cover additions to home property made by you or by your family members. Therefore, before choosing your home insurance rider, be sure to inquire about coverage specific to floaters. This can make a huge difference in the amount of money you are ultimately paid in the event of a loss.