One of the most thrilling moments in homeownership is when you complete a remodeling project, transforming the house into your dream home. However, amidst the excitement, it’s crucial to remember that a remodeling project typically impacts your home insurance. Therefore, it’s important to share the good news with your insurance agent. If you live in or near West Hartford, CT, our team at ALLConnecticut Insurance is here to help you secure the necessary insurance coverage to protect your family and home.
Inform Your Agent Before Remodeling
While home insurance policies generally offer basic protection during a remodeling or renovation process, it’s advisable to consider more comprehensive coverage. Remodeling increases the likelihood of accidents due to on-site equipment and workers. Many insurance policies require policyholders to notify the agent before starting any work; failure to do so can affect your coverage.
Depending on your policy and situation, the remodeling process may be a good time to extend your home policy or add an umbrella insurance policy to protect against various hazards and injury risks.
Upon completion, the project may result in more square footage, new appliances and fixtures, or other changes that enhance its value, making it critical to update your policy.
Other changes, such as adding a pool or hot tub, can introduce risks that must be included in your policy, while updates to the HVAC, electrical, and plumbing systems can reduce your risks and premiums. Whatever the changes, contact your agent to ensure you have the proper coverage.
Working with ALLConnecticut Insurance
Your home is a significant investment and requires protection. Let our ALLConnecticut Insurance team, serving the West Hartford, CT area, assist you. Call (860) 232-7076 to discuss your insurance options.