If you are about to start remodeling your home, add to your list of preparations contact your home insurance agency. To inform remodeling may advise you to make your home, people who work in it and the people who live there have the necessary coverage of any incident regardless of the size of the remodeling.
We give some important points you should check with your insurance agency before you start remodeling:
Check your current policy. Determine if your current home insurance covers damages untie following the reshuffle as fire, flood and other damage to property. Also, check if the policy covers damage to third parties if asking a family member or friend to help you with the remodeling. It is advisable to increase coverage or purchase a special package for remodeling coverage if your current policy does not have these options.
Check insurance contractor. The people you hire for remodeling must have a liability insurance ( liability insurance workers ' compensation) and ( workers compensation ) if any of the workers were to get hurt during this period or they hurt to any third party . If the company or person you have in mind to hire does not have such insurance, consider looking for someone else.
Documenting remodeling. Take pictures before, during and after remodeling, and keep receipts of items purchased and contracted services to keep track of work. These vouchers will be useful when applying for compensation for damage or loss.
Update insurance after remodeling. It is very likely that after a remodeling need to update your home insurance to include new items such as furniture or appliances, or additional areas of the house, like a pool or a garage. You could also receive a discount on your policy when installing locks, cameras and other new security elements in the house.
With these data in mind, you can start your makeover with the assurance that your insurance agent will guide you to make the best decisions so you can enjoy your renovated home in peace.
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