fbpx

Home Renovations? Are you covered?

Does Your Insurance Cover Your Home Renovations?

Are you looking to do some home renovations this summer?

It’s an exciting time as a homeowner to go through renovations. It doesn’t matter whether you are remodeling your existing space or adding an addition to your home. You have probably already looked at different ideas online, other homes, and Pinterest boards. For more ideas for renovations, check out these ideas!

Now, you’re ready to start!  Since you’re all excited to start, have you looked at the important things? Budgets? Finding contractors? Applied for permits? And what about your home insurance?

Why should you call your broker?

If you do not notify your broker about any changes going on with your home, you may be putting yourself at risk.

Depending on the size and the type of reno you do, your current policy may not cover it. Also when doing renos, you will be increasing the value of your home. You will want your policy to reflect this new value to ensure you have proper coverage limits.

So, at the end of the day, you want to know that if something unexpected happens that your policy will have you covered. It will give you peace of mind.

Policy Changes for Renovations

When dealing with renovations, like noted above you will be adding value to your home. One main change to your policy will be to increase the value of your policy to ensure you have your home value protected. In addition, you could gain more discounts on your insurance if you increase and add safety features.

So, if you take on a home reno, call us to make sure your policy has you covered or get a quote!