Home Insurance Tips When Renovating A Home

​Home insurance protects the structure and contents of a home. It is a financial product necessary to have and contributes to a safety net financially. But when there would be home improvements in a property, the home insurance policy should be updated. Incidentally, here are tips when renovating a home:

1. The policyholder should notify the insurer
The insurer could help the policyholder in customizing his or her home insurance policy. For example, the policyholder might include coverage for vandalism, liability insurance, and the like. Moreover, keeping the insurer in the loop would guide the policyholder in making decisions about the costs. 

2. During the renovation, increase the limit of liability coverage.
Protecting workers during renovation is important. Liability coverage helps to protect workers, especially when they get injured. Consequently, it is recommended that the no-fault medical protection in the coverage of the policy is increased. In this way, the insurer would directly pay the injured worker’s medical bills and lower the chances of litigation cases.

3. During the renovation, increase the coverage for dwellings under renovation. 
Upgrade the coverage for the dwelling under renovation to protect the materials for the renovation. Moreover, it contributes to coverage when a foundation collapses. 

4. Upgrade the policy to utilize home insurance discounts offered.
When renovating a home, insurance premiums could increase. But when a home is more safeguarded against fire and security, the policyholder could utilize a discount. Here are some ways:

• Installing a fire alarm, home sprinkler system, smoke detectors, and the like
• Improving the roof using impact-resistant roofing shingles
• Installing glasses that are impact-resistant and shutters for a storm  

Conclusion
The highlight is home insurance policy safeguards the policyholder’s property from incurring a loss and unanticipated costs. Consequently, renovating a home could increase the premiums to be paid. But there are ways to prevent incurring higher out-of-pocket costs. It is best to maximize the coverage of the policy.
 
The policyholder should talk to the insurer to review the coverage and have it updated. The coverage might leave the policyholder underinsured after a renovation. Thus, it is always best to have sufficient coverage during and after a renovation.

At Kapasu Insurance Services Inc., we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (760) 995-3853 or Click Here to request a free quote.