Home Upgrades That Affect Your Home Insurance

​It's a new year! Most homeowners want to make significant upgrades to their homes. Although doing some tweaking on your home is fun, it is important to notify your insurer about it. This is because not informing your insurance company about the recent home upgrades you made could lead to serious implications.

Thereupon, before you make some changes to your property, let's look at the different home upgrades that can significantly or adversely affect your home insurance.

Replacing or Renovating Your Roof
One of the best things about replacing your roof is reducing your home insurance cost. How is that possible? This is because an upgraded and sturdier roof gives you more protection against calamities, such as heavy rains. Although expensive, this home renovation could benefit you with your current insurance cost.

Kitchen Upgrades
Notifying your home insurer before you make any changes to your room is mandatory. Your insurer should be aware of any renovations or upgrades you will do in your home. Thus, it ensures that you are covered when an unexpected accident happens during construction.

Moreover, after your kitchen upgrade is done, it would be better to adjust your home insurance policy. This is to ensure that your newly renovated kitchen is now included in your insurance policy.

Building A Home Office
Since the COVID-19 pandemic, many employees have been forced to follow the work-from-home setup. If you need additional space to work more efficiently, you may consider adding a home office. That is to say, the more people you have on your property, the more insurance coverage you'll need. Therefore, it is essential to notify your home insurance provider about the office building before it begins. Also, if they recommend you avail of additional coverages, please do so for your peace of mind and added protection.

Building An Addition
You also may need to expand your home to accommodate more family members. In effect, if you consider a home addition, always talk to your agent first. The larger your home, the higher your property value will be. After all, a more livable space can increase your insurance cost, but it can protect your property against damages as well.

Final Thoughts
It's critical to tell your home insurance carrier about any house renovations you're planning. Property upgrades could increase or decrease your home insurance cost. So, better talk to your agent before making some changes to your property. Doing so will keep you updated with any necessary adjustments.

At AllRisk Auto Insurance, 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 (360) 693-4044 or Click Here to request a free quote. The coverage discussed is not guaranteed. Please contact our agents to make sure you have adequate coverage and your needs are being met. We are happy to help!