Reference no: EM133171107

Last year Mika started a lifestyle influencer brand that involves making videos in her home, doing photo shoots, and making deals with vendors for affiliate links on her blog and influence posts on social media. She has invested in new computer equipment, video and still cameras, microphones, and some special lights, tripods, and overhead camera set-up equipment. She's been so successful that she quits her full-time job and dedicates her guest bedroom to her work. 

1. Why is it important for Mika to report her business to her insurance agent and adjust her homeowner's policy?
2. Describe the endorsement that Mika should obtain to protect her new computer purchases and what that endorsement might cover.
3. Her agent suggests that Mika consider adding an identity theft endorsement. Describe five potential costs the endorsement could cover in the event her identity is compromised.