I was wondering if anyone has their cake tools insured through home owners insurance or if this is even possible? Most of us junkies have lots of pans tips irreplaceable books, airbrush etc. I had this horrible vision of my enclosed porch caving in(where most of my things are kept) and thought it took me 12 yrs to get this stuff how could I ever afford to replace it if something happened??? Any thoughts or has someone done this? I was thinking of taking pics and prices of what they are worth and putting them in a fire proof safe.
Lately, I've been thinking that my husband and I really need to do a home inventory and that we are miserably underinsured...
I never thought about whether my cake items would be covered or not. I just assumed that they would since they belong to me and they reside in my home. I don't have a business license and mostly do cakes for friends/work at cost.
I'd love to know the answer if anyone else knows it. You bring up a great question.
Thanks.
My insurance covers both in an outside (storage buildings, etc.) at full replacement value.
Mine is with State Farm.
You should have enough insurance to cover the contents and replacement of the structure thru your homeowners. So if you think you might need more based on what you have, you can upgrade! I know with renters insurance you give them a total based on an inventory.[/i]
Wow, I never thought of this but I think doing a home inventory to make sure we are properly insured may be my New Year's Resolution!
If you have hard to find cookbooks, then maybe one of the small fireproof safes are in order. You wouldn't want $1000 in cash going up in flames or being ruined by whatever, so why risk it with your hard to find cookbooks? I have a few first editions that I'm sure I couldn't replace for near the price I paid, because they are so old.
That said, I don't have a safe to put mine in, but maybe I should go buy one now.
This is worth a call to your insurer. As folks have said, a lot of things will be covered with your general household contents. Keep a running inventory on these items though and make sure you have enough coverage. Sometimes it is worth it to have a special rider for valuable books and such, likely, though, you would need appraisals. Usually contents insurance is based on a percentage of your actual structural home insurance, so in some cases, this might not be enough.
A comprehensive inventory of your household contents and pictures and a discussion with your agent is the best way to determine if you are well-covered.
Hugs Squirrelly
We just got renter's insurance this year which makes me feel alot better...have made some larger purchases in the past couple years anyway not to mention a great deal on a used bedroom set that would cost an arm and a leg to replace...so I felt better with the insurance. It will cover all my cake stuff as well.
Just always make certain you have "Cost Value Replacement". It should be, but isn't always standard and when you get into the replacement cost of a 15 year old appliance and such if you don't have it, well you are really in trouble.
Hugs Squirrelly
Ditto Squirrely! I work at a State Farm office. Coverages can very state-to -state. The best thing to do is contact your agent for a household review. All of your decorating tools will be covered under the personal property section of your homeowner policy ( in SC, it is 75% of the dwelling coverage). If you're a professional baker/decorator, you should have business coverage. It's a good idea to have a running list of items and their values handy in case something ever happens. I always advise people to keep receipts or any documentation for higher value items in case you ever need to prove what you had, ie, if you have a $400 KA instead of the $200 model. Also having a list makes your life easier if you do have a catastrophe. Who would be able to, or even want to have to stop and think of every picking thing you own?! HTH 
Ditto Squirrely! I work at a State Farm office. Coverages can very state-to -state. The best thing to do is contact your agent for a household review. All of your decorating tools will be covered under the personal property section of your homeowner policy ( in SC, it is 75% of the dwelling coverage). If you're a professional baker/decorator, you should have business coverage. It's a good idea to have a running list of items and their values handy in case something ever happens. I always advise people to keep receipts or any documentation for higher value items in case you ever need to prove what you had, ie, if you have a $400 KA instead of the $200 model. Also having a list makes your life easier if you do have a catastrophe. Who would be able to, or even want to have to stop and think of every picking thing you own?! HTH
Good advice!
I think too that people need to realize once they become licensed businesses in the home, they need to inform their insurers because that changes everything! Also, they need to look into liability insurance where available. If you are using a portion of your home as a licensed business as in the case of a licensed bakery in the home, you may well not be covered in case of a fire or theft if you had not informed your insurer of this use of home.
I suspect most people are under-insured when it comes to their household contents. When you sit down and inventory, it is surprising, especially if you have been established for a number of years. With a digital camera, it is easy and quick to have photos on hand to prove what you have. It is a good idea to keep the inventory and pictures, or at least a copy of it, in a safety deposit box at a bank or keep additional copies at a trusted family member's home or in a fire proof container.
And you do forget what you have when faced with fire or theft, believe me. You get caught up in the shock of what has happened and it can take years to remember what is actually lost.
Hugs Squirrelly
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