I found out today that if I continue my route to get licensed my insurance company will not renew my homeowners insurance due to the liability. So now I have to decide to either leave my insurance company that I have been with for 10-years or stay exempt. This to me in unfair that they can determine what type of occupation I have.
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My homeowners decided they were not going to cover in home anymore due to the liability, and this was after 20+yrs of being with them.
As much of a pain in the butt it was to have to find new insurance coverage, it was worth it. I found a homeowners, and daycare liability (BC told me about Assure), all with higher coverage for less.
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Originally posted by KiddieCahoots View PostMy homeowners decided they were not going to cover in home anymore due to the liability, and this was after 20+yrs of being with them.
As much of a pain in the butt it was to have to find new insurance coverage, it was worth it. I found a homeowners, and daycare liability (BC told me about Assure), all with higher coverage for less.
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Originally posted by Cozy_Kids_Childcare View PostI'm going to have to check them out. My agent knows I do daycare now but if I get licensed and have more than 5 they will not renew my homeowners.
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Originally posted by LysesKids View PostWhen I was in Martinsburg, WV, I was licensed for 6 kids & State Farm covered me & my house; heck they cover me now too. They say as long as you are running with legal #s under your state law, they have no issue
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Originally posted by Cozy_Kids_Childcare View PostI found out today that if I continue my route to get licensed my insurance company will not renew my homeowners insurance due to the liability. So now I have to decide to either leave my insurance company that I have been with for 10-years or stay exempt. This to me in unfair that they can determine what type of occupation I have.
Please do not allow anyone to dictate whether or not you get licensed. You should make the decision based on whats best for you and the children you care for. Before making your decision seek out other companies that insure both kind of operations and see how much they charge, and weigh the pros and cons of becoming licensed and then make your decision.
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Originally posted by Daycare Insurance View PostThere are plenty of insurance companies out there that will insure a license child care operation. In fact there are actually less companies out there that will cover an exempt home. Each company is different as far as the classes of business they can insure so I do not think its anything personal against you and your decision to get licensed. While I can not speculate on their reasoning I would think that it is more likely that they would prefer to keep your business but may not be able to insure you if you become licensed.
Please do not allow anyone to dictate whether or not you get licensed. You should make the decision based on whats best for you and the children you care for. Before making your decision seek out other companies that insure both kind of operations and see how much they charge, and weigh the pros and cons of becoming licensed and then make your decision.
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Originally posted by Cozy_Kids_Childcare View PostI contacted Farmers insurance and the agent was super nice. She gave me a quote to include covering 5 children and when I get licensed she said all I have to do is call and adjust it to the amount of children I have on the license. She knew the exempt daycare laws. Best part is that it is almost 150$ a year cheaper than what I have.
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Hi everyone,
I just received a letter from our homeowners insurance (allstate) which we've had since 2000. The letter says that we have 30 days to prove that I no longer have a home daycare or they will drop us.
I called the 800 number and they don't know why they would drop us since they KNOW that we have a home daycare. I had the daycare insurance through them for a few years and then switched to a company that has better coverage at the suggestion of their agent!
It's SO frustrating! Does anyone have suggestions of insurance companies that offer home owners coverage for a home that has a home daycare?
Thanks!
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I am switching ours up, too. Our current one told me I need to drop a child (down to 3) or they won't insure me. I am legally unlicensed and able to have 5. Another one told me 4 kids max and it was $400 more.
I found one that will do up to 6 (which is the max for a home daycare) and provide liability PLUS income coverage. And it's the same price.
So while I hate making all the calls and was upset that I had to switch, it pays to shop around.
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