Renovations You Can Make Yourself That Will Affect Your Insurance

Consider making some DIY house improvements. Perhaps a new kitchen or bathroom renovation?

You're not alone if the project fascinates you. Do-it-yourselfers finish two-thirds of home renovation projects, according to the Home Improvement Research Institute (HIRI), and spend less than those who rely only on professionals. Although saving money is rewarding, DIYers' sense of success is even greater.

However, you'll need to prepare before you take up a hammer or a paintbrush. It would help if you kept home insurance in mind while you create designs, set a budget, buy materials, and obtain permits. Before you begin working, speak with your Trusted Choice Independent Insurance Agent. You can estimate the unforeseen hazards to your project with the aid of your agent.

The following five specific remodeling initiatives may necessitate supplementary insurance:

Kitchen Remodel

You might have imagined a brand-new kitchen with marble countertops and Wi-Fi-capable gadgets. Remodeling your kitchen might increase your home's convenience and worth, but there are a few insurance issues to take into account:

You could require a plumber or electrician, depending on your degree of experience. Verify the contractors' insurance and bonding before hiring them. Are they insured against liability? Please request a copy of their insurance certificate.

Talk to your agent if you think your homeowner's insurance needs to be increased. If you don't boost your limits and your remodeling significantly raises the worth of your home, you risk becoming underinsured. Typically, you need to get enough insurance to cover 80% of the value of your property.

Will friends lend a hand? Consult your agent about increasing your medical expense coverage or adding no-fault coverage.

Bathroom Renovation

A soaking tub, brand-new vanities, and imported marble tiles are in your head. Sounds great, but bear the following in mind:

To move a water line or drain, you might need the assistance of a plumber. Remember that your home insurance will not cover water damage brought on by your poor craftsmanship. However, if you hire a contractor, the damage to your house should be covered by their business insurance.

After delivery, will that pricey marble just sit in your driveway? Expensive supplies have a habit of leaving a job site. Determine whether your insurance coverage covers theft or damage to your building materials.

Office at Home

The decision has been made to turn a spare bedroom into a home office. Here are some insurance considerations despite the straightforward renovation:

Under a homeowners ' policy, office equipment is typically only covered to a limited extent (up to roughly $2,500). You'll need more insurance if you have possessions worth more than that. Your agent can suggest a few possibilities.

Ensure you are covered by the company's business and workers' compensation plans if you work from home for your employer. If you work for yourself, you might require a distinct business policy, mainly if customers come to your home.