If you get paid for your hobby, your insurance might not cover you like you think. Find out when a fun side gig becomes a business in the eyes of your insurer and what that means for your coverage. #thelarsongroupwoodstock #insuranceexplained
"Speaking on that note, my insurance agent told me a situation where it technically was a hobby for the person who's camera, but when they called it in, they said, I use this for my business. So I need it replaced. And because it wasn't endorsed that way, they wouldn't cover it. Yeah. So if you receive income by using it, it's now a business. But it was, but the endorsement she had was just for personal hobby use. Right. But the moment she said that on the phone, so I guess that's part of having a conversation."
💬 Discussion
If you get paid for your hobby, your insurance might not cover you like you think. Find out when a fun side gig becomes a business in the eyes of your insurer and what that means for your coverage. #thelarsongroupwoodstock #insuranceexplained