Here’s How You Can Get Coverage for Your Home Remodel
If you are planning to renovate your home, you have a lot on your plate. However, in between choosing a contractor and selecting the right finishes, you need to call your home insurance provider. Here’s what you need to know about insuring your home renovation project.
Informing Your Agent
Before you begin work on your home, you should inform your insurance agent about your plans. This is important because your insurer needs to know how much the remodel will increase your home’s value. This way they will know how to secure enough coverage for your home’s updated value.
Once your insurer understands the scope of your renovation plans, they will be able to explain your best coverage options. Oftentimes, they will recommend gradually increasing your policy’s coverage limits as the project progresses. If you are building a major addition (new room, garage, etc.) to your home, your insurer might also recommend listing this addition in your policy to ensure that it is covered.
Coverage for Contractors
Anytime construction work takes place there is a risk for injury. However, it is the construction company’s responsibility to offer its workers insurance coverage. To ensure that you are not held liable for any injuries that take place on your property, make sure that any contractors you hire have the right workers compensation and liability coverages in place.
This is how you can secure the right coverage for your home renovation project. Do you have additional questions regarding your homeowners insurance? If so, don’t hesitate to contact the experts at Westwood Insurance Agency. We are ready to assist you today.