How Renovations Will Affect Your Home Insurance

February 09, 2015

Renovations and Homeowners Insurance

Starting off the New Year by making renovations or improvements to your home will help to ensure that your home is comfortable for the entire year. Along with choosing the right colors for your walls and tiles, it is also important to make sure that you know how any renovations will affect your homeowner’s insurance policy.

Any renovations that you make to your home will most likely lead to the value of your home increasing, which means your existing home insurance policy will not provide enough coverage. While you are making any renovations, make sure to increase your home insurance policy to provide the right amount of protection for your upgraded home.

If you are adding an addition to your home, keep in mind that you are increasing the overall square footage. Increasing your homeowners insurance policy will help to ensure that your home is properly protected, no matter how much space you add on. Make sure to invest in enough protection to provide coverage for what it would cost to repair your entire home in case it is a complete loss.

Adding a backyard swimming pool or deck during the winter will help to ensure that your home is the number one hangout spot when summer comes around. However, it will also increase the chances that someone will get injured at your home. Make sure to increase your liability limits on your home insurance policy so that you will not be financially devastated from one accident.

For all of your homeowners insurance coverage needs, contact the insurance professionals at Access West Inc. in Murrieta, California. As an independent insurance agency, we will work with you to ensure that you have the right amount of protection for your newly improved home.