Are you making renovations to your home?
There are many factors to consider when renovating your home. The increase in insurance, replacement cost value, temporary umbrella, and even temporary dwelling
protection. Did you know you can purchase insurance for the liability of leaving building materials on your property during the renovation? This is an excellent protection to ensure you will be covered if a theft or weather-related damage occurs. With the cost of materials caused by inflation, it is always best to cover all bases.
Additional Coverage Options
Another coverage to consider is adding an umbrella liability policy to your homeowner’s insurance
for extra protection. Even if the contractors have insurance, legal action can still be taken against you if
someone gets injured. Lastly, it is vital to notify your agent of your renovations so that insurance
professionals can adjust your coverage. Renewal time is an excellent time for this! Please do not wait for an insurance inspection for renovations to be found; it may not guarantee a conservative rate. The value of your home impacts your replacement cost, and that will directly affect your annual premium.
Contact us today to learn more about coverages that can help protect you during this time.
