When many people think about starting a home renovation, their first thought isn’t to check their homeowners insurance policy. However, if you are getting ready to start a remodel on your home, you need to make sure that you have adequate coverage. You don’t want to be stuck with coverage you need in the event that something goes wrong. Signet Insurance Group is here to talk about homeowners insurance coverage for those that are renovating their house.
Ensuring You Have Coverage for Your Renovation
While there is no insurance policy for a renovation, there are some adjustments that you can make to your homeowners insurance policy that will give you the extra coverage you are going to want and need throughout a home renovation. Here are some of the ways you can make sure you’re covered.
– Update Coverage Limit: When you are making adjustments to your home, it might mean that the coverage limit on your current policy isn’t high enough. When you add several new appliances and other upgrades, you might want to call your insurance company to make sure you have the needed to coverage in the case that something happens.
– Update Medical Expenses Limit: There are many home renovations that will involve help from friends and family to help get the job done. If this is the case, you want to make sure that the medical expense limit is high enough to cover any accident that could happen during the project. Have your agent check the medical expenses part of your current policy to see if it needs to be adjusted.
– Personal Property Coverage: It isn’t uncommon for damage to occur during the renovation process. There is also a chance that something could get stolen if you are dealing with strange people working in your home. Make sure that your personal property coverage is up to date and that all of your belongings have the coverage that they need. This includes furniture, electronics, and even clothing.
Home Renovations That Can Impact Homeowners Insurance
When you update your home, you have to know that your need for extra coverage will also increase. There are some updates that are going to have a larger impact than others on your policy.
– Swimming pool installation
– New roof
– Updated kitchens
– Updated bathrooms
– Adding a porch or deck
– Replacing HVAC system
– Replacing windows
– & More
Insurance Coverage for Room Additions
When you put an addition on your home, you need to make sure that your insurance policy will give you ample coverage for the increase in square footage. That extra square footage can leave you underinsured if you aren’t careful.
Home, Business, Life & Auto Insurance Agency in Henderson, North LV, Reno, Spring Valley, Enterprise, Sunrise Manor, Paradise & Las Vegas, NV
If you are concerned about your homeowners insurance policy after a renovation, you can turn to Signet Insurance Group to make sure you’re getting the right coverage at a price you can afford. Call us today!
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