Will My Home Insurance Cover Renovations?

Renovations have become more popular as people prefer to improve or expand their living space rather than relocate. Change can be satisfying, especially when it gives your house a new appearance and atmosphere. As a result, people apply for home insurance for extra protection. 

Home insurance is a policy that protects your home financially in the case of a natural disaster, But your home insurance can cover only some renovations. The following are the renovations that your home insurance can cover.

1. Kitchen Renovations
   Kitchen upgrades may greatly boost the market value of a property. If you are switching from veneer to marble countertops or installing new cabinets, flooring, and many more, you can update your insurance limits so that you are completely covered in the case of a loss.
   
   
2. Home Alterations
   Adding a new addition to your house may certainly increase its replacement value or the cost to repair or replace it. If you expand your usable square footage inside or outside, you might need to adjust your insurance coverage to account for the increased value of the area.
   
   
3. Bathroom Upgrade
   Like kitchen renovations, bathroom renovations may need an increase in insurance coverage, depending on the changes. Consider that additions such as a sauna or steam room may increase insurance prices. Mold growth may cause structural damage to your property, and they may also demand higher liability limits since they can create health problems.
   
   
4. Roof Restoration
   A new roof may not be the most interesting house renovation, but it might reduce your home insurance premiums. Typically, upgrading aging equipment, such as the HVAC system, and replacing the roof might result in a lower premium since the new materials can better protect the property.
   
   
5. Backyard Additions
   Backyard renovations may require an increase in replacement or personal property cost coverage and liability insurance, and the most typical upgrade is a pool. But installing a pool may affect your home insurance rates. Pools may impact your home insurance in two ways: they can raise the cost of restoring your house and pose a liability risk because someone might get injured in a pool.

Conclusion
Most home insurance policies cover renovations, specifically for damage caused by natural disasters and other unforeseen events. But it might still depend on your policy, which may contain exclusions limiting coverage for certain projects, such as building additions and remodeling. That's why it is important to check that your insurance covers what type of renovations.

At AllRisk Auto Insurance, LLC, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (360) 693-4044. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!