Home remodeling is becoming extremely common, as it allows a homeowner to feel like they are living in a fresh new house without having to deal with the hassle of an actual move. Whether you are simply adding a deck or turning your basement into an extra bedroom, it is imperative that you evaluate the insurance implications of your home remodeling. Nobody wants to have home renovations projects completed only to find out that the new structure is not covered.
Preparation begins with the contractor you choose. Do not become victim of contractor scam or uncovered projects. Chances are, the door-to-door contractor who has just offered to complete the project for half the price if you give them the cash up front will not return with the supplies for the job. Some of these contractors will return, however, they are often unlicensed and uninsured, meaning any problems that arise on the job will be your responsibility. If the contractor has an uninsured team working under them, responsibility for all employees’ transfers to the homeowner, meaning you would be held liable.
If you will be conducting any home remodeling, it is important that you confirm the licensing and insurance of the contractor you will be working with. This will allow you to receive peace of mind knowing you will not be held liable. Likewise, it is important that you contact your homeowners’ insurance provider first to ensure that everything will be covered. At this time, they will be able to tell you if your project needs extra liability protection and how much your premium will be increased by.
Contact Lofgren Agency for all of your New York homeowners’ insurance needs. We will ensure that your home remodeling projects are covered under your homeowners insurance policy and provide your beautified home with the protection it requires to prevail.