Renovations can increase the comfort and value of your home, but they may also impact your insurance coverage. Many homeowners overlook this step, only to discover gaps in protection when it matters most.
Before starting any project, ask your provider whether your policy covers renovations in progress. Some upgrades, like adding a new roof or electrical system, can reduce premiums by lowering risk. Others, such as building a deck, pool, or extension, may increase liability and require additional coverage. It’s also important to confirm whether contractors are insured if not, you could be held responsible for accidents on your property. Finally, review how the completed renovation will affect your home’s replacement value to ensure your policy limits are still adequate.
Conclusion: By discussing renovations with your insurance provider early, you’ll avoid costly surprises and guarantee your home remains fully protected during and after upgrades.