Selling your Homemade vs. Handmade Items: In comments from this link "As an insurance agent, I would recommend against calling a item "homemade." Instead, label pieces you've made as "handmade." It may seem to be a minor difference, but it isn't. In the event of a loss, the insurance value of a "handmade" garment or anything else will often be higher than that of something that's homemade."