Many homeowners assume their existing insurance automatically covers renovations but that’s not always the case. Standard policies may not include protection for structural changes, new additions, or high-value upgrades. This leaves homeowners vulnerable if damage or accidents occur mid-project.
Before starting renovations, it’s wise to notify your insurance provider. They may adjust your policy or recommend a temporary builder’s risk policy, which covers materials, theft, or weather damage during construction. Additionally, ensure contractors carry liability insurance and workers’ compensation otherwise, homeowners could be held responsible for accidents.
Skipping this step can mean paying out-of-pocket for costly setbacks.
Conclusion: Updating your insurance before a renovation provides peace of mind, financial protection, and ensures both your investment and workers are fully covered
