Insurance
Can anyone share with me how much more you have to pay for the extra insurance when having a daycare in your home? I currently pay $600/yr for house insurance. I was wondering if the additional insurance is expensive?
Thank you! :-) |
Your Homeowners Insurance may cover your home daycare.
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Most homeowner's insurances don't cover a daycare run at home but I have heard that some do. The best bet is to call your insurance cimpany and have them give you rates. I have State Farm in CA and I had to get a rider that only costs me an additional $75 a year and covers $300,000. There's different types of coverages depending on where you live and whether or not you are required to be registered or licensed or not. Call to check.
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Just be careful, when I called my homeowner's agent to check if they would cover me (they don't) they said I HAD to get additional coverage or my regular homeowner's would be terminated because of the uninsured daycare business in my home. I now have a seperate policy that cost me $360/year.
I wish I never would have called. |
my homeowners doesnt cover the daycare and costs 600 / yr. i have a seperate policy through another company for daycare and that is also 600/yr. if i expand my daycare (which i am thinking of doing) it will double. it is expensive, but worth it, i think. it is a $1 million policy, not that, heaven forbid, you could put a price on a child.
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Originally Posted by momofsix: |
I have American Family and my policy is $120 more per year for $300,000 in coverage. That only covers 6 kids and if I had more then I would have to go through their broker to and it would be more expensive.
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My homeowners does not cover my daycare. I have an additional policy that covers up to $3,000,000. It's $580 a year.
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Nationwide will insure a family daycare and is very reasonably priced with $300,000 of liability.
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