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I have relatives in Tucson whom I tried to get into reselling and have a cousin that goes to UofA. Told him I was jealous he could pick the dumpsters when all the kids leave, but unfortunately he has no interest.
Quite often my dreams revolve around making a sale or getting an email from an irate customer. A couple of times I dreamt I sold something and wake up to look at my phone to find it sold. Just woke up from a dream that I got this long email from a woman and she wanted to go on and on and lecture me about a sale (something that seems to happen every month) Seems she wanted someone to tell about her life in Vegas and something about grand kids in Louisiana, so random. I could hear Jay and Ryanne saying, “Don’t engage with the customer.” I had to see if I got such email. Luckily no.
I got in touch with an agent at Farmer’s Insurance. I asked if the policy would need to be written for commercial or personal:
-Self employed, by a single person or couple.
-No employees, if there are employees they don’t drive the vehicles, which are registered to the self employed individuals.
-The products purchased were from garage sales, thrift stores, auctions, etc. and usually a purchase price under $100.
-Never transport people or drive to meet clients.The response was:
“That kind of business doesn’t really qualify for commercial auto policy. If you were a real estate, insurance or other type of salesperson/contractor, then yes. You would also need to title the auto in the business name which you would want to discuss with an accountant first to see if it’s worth it. Commercial auto cost is not much more expensive and there are some coverages not available that there are on a personal policy.”
I agree Jay. Same here. Hoping the agent I talked with a few days ago was just off her rocker.
Thought this was interesting, https://www.esurance.com/info/car/myth-commercial-car-insurance-policies-are-not-just-for-big-business I’m getting in touch with a different agent in my area to see if there are any hard and fast rules, and to lay it all out as to what we resellers do and see their explanation.
Interesting points, Jay, Ryanne, and JasonK. Glad you brought up an accountant, Ryanne, definitely a question I will ask. This agent I spoke with wasn’t interested in letting me explain about how I’m not transporting $1,000 antiques around or that I don’t have passengers, employee drivers, or deliver mail/pizzas, etc. I knew she would never understand reselling junk, so I just left it at that. But fair warning to anyone who gets a quote or has to renew their policy and has to explain their career, especially if they are the only one on their policy, as I am, and can’t use another person in the households job title. They may pounce on you like this woman did and assume things that aren’t true. From now on I will just be saying “I work at home” any further questions will be followed up with “online” or “design work.” Lesson learned.
