Homeowners Insurance Updates With Renovations
If home remodeling is in your forecast, it is important that you take some time to update your coverage. When it comes to remodeling your home and homeowners insurance, you simply cannot afford to neglect policy updates. The last thing you want is to find out that you have no coverage for your beautiful new patio deck after an accident occurs. Compiled are some helpful tips to guide you through this process:
- It is best to be proactive when conducting home renovations and informing your homeowner’s insurance agent, as this will provide you with an estimate of how much your premium will fluctuate. Staying ahead of the game will provide you with confidence in both your renovation and your policy.
- Make sure to ask your homeowners insurance agent if you should temporarily increase your liability coverage. Since you will have a contractor and their team at the house during renovations, it may be advantageous to boost your policy limits on top of their own insurance. However, it is important that you obtain a copy of your contractor’s license, insurance, and certifications before agreeing to work with them.
- When it comes to home renovations, honesty is the best policy. While you may be inclined to refrain from informing your insurance company about the remodels, it can come back to bite you when you need coverage most. Imagine your dismay when your newly installed patio deck causes an accident where one of your house guests falls and injures themselves. Since your insurance company did not know about the deck, it will not receive coverage.
Contact Weaver & Associates Inc. in Arcadia for all of your California homeowners insurance needs. Please do not hesitate to give us a call if you are conducting renovations and need to update your coverage. We will ensure that any new additions are protected to the fullest.
