Review Home Insurance Coverage When Renovating Your Home

 

You might be planning on remodeling your kitchen, bathroom, or making a few tweaks around the entire property. These projects can increase your home’s value and help your family to enjoy living in the property. However, before the work starts, consider your homeowners insurance. Do you have the right protection in place? What if an accident happens? A quick call to your agent can help you know what risks are present to you during the remodeling process.

 

  • Liability

Review your liability coverage before starting your DIY renovation project. If a worker, friend, or family member falls on your property while helping you to upgrade your home, you could face a negligence claim for the medical bills. If you are hiring professionals for the job, it’s still important to acquire the right coverage. However, they should have insurance, bonding, and licensing, too.

 

  • Damage

Home insurance covers accidental and unavoidable damage to your home. If there is a neglected plumbing issue that causes major flooding in your home, your policy may not offer protection. Be aware that repair for the electrical, plumbing, and other systems may fall into your hands. If you are unsure, contact your insurance agent for confirmation.

 

  • Value

Did your remodel add significant value to your home? Did you install high-tech components? If so, contact your insurer. Discuss whether your existing home insurance is enough to cover a claim for the home based on its new value. As you update your property, your insurance will have to keep up with your home’s needs, too. As a result, you may need to increase coverage slightly.

 

When you’re looking to protect your property as best you can, contact your insurance professionals at Kneller Agency. Our dedicated experts are ready to assist you with all your insurance needs.

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