How do renovations affect my home insurance?

How do renovations affect my home insurance?

Renovations can significantly impact your home insurance. They may increase your home's value, which could raise your premiums.

What types of renovations are most likely to affect my insurance?

Major renovations like adding a new room, upgrading the kitchen, or installing a pool can have the biggest impact.

Should I inform my insurance company about minor renovations?

Yes, it's a good idea to inform your insurance company about any renovations, even minor ones, to ensure you're adequately covered.

Will my insurance cover damages during renovations?

It depends on your policy. Some policies cover damages during renovations, while others may not. It's best to check with your insurer.

How can I ensure my renovations are covered by insurance?

To ensure coverage, discuss your renovation plans with your insurance agent and consider updating your policy if necessary.