3 Ways Home Renovations Affect Insurance Coverage

If you’re planning to renovate your Commerce, GA home in 2019, talk to your home insurance agent. Your project(s) could affect your home insurance coverage. An agent from Hyman Brown Insurance Agency Inc. can help you determine if adjustments to your policy are warranted to cover future renovation projects. Here are a few ways home renovations can affect your insurance coverage.

May Increase Home Value

Major renovations such as putting a new roof on your home or remodeling your kitchen can have a big impact on a home. A designer kitchen alone can substantially increase your home’s value. If the limits on your dwelling insurance aren’t enough to cover the new value of your home, you could suffer financial loss if your home were to be destroyed in an unforeseen disaster. By increasing your dwelling coverage, you can protect your home against the unexpected. You should also add home renovations to your insurance policy so that they are included in your coverage.   

May Reduce Insurance Costs

Home improvements that enhance the safety and security of your homes like installation of a home security system or upgrade of plumbing or electrical systems could make you eligible for a discount on your home insurance coverage. A home security system can reduce the risk of burglaries to protect your personal belongings. Upgrades in your plumbing and electrical system minimize the risk of flooding and fire. Before undertaking these projects, talk to your Hyman Brown Insurance agent to see if they qualify you for reduced insurance prices.

May Increase Insurance Costs

If you put in a new pool, you may have to increase your liability coverage due to the higher risk of accidents. Your liability coverage should be sufficient to protect you from a lawsuit if you are ever sued for damages. 

For comprehensive insurance coverage to protect your home, contact Hyman Brown Insurance Agency Inc. in Commerce, GA.