Why You Should Tell Your Homeowners Insurance Company When Renovating Your Home

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If your home is older, you might be excited about renovating it. Even though many homeowners never tell their homeowners insurance companies about their plans to renovate their homes, this is a step you won't want to skip.

Make Sure Potential Accidents are Covered

For one thing, when you're having your home renovated, there is always the possibility that an accident could happen. You could get hurt while handling your own DIY project within the home, or a contractor could get hurt while performing a job for you. You'll definitely want to make sure that the person who gets hurt, whether it's you or someone else, is covered by your homeowners insurance policy when getting hurt on your property. If you call your homeowners insurance agency, you can find out more about any coverage that you might have that will help in the event of an accident.

Ensure You Have Coverage for the Total Value of Your Home

Your homeowners insurance is designed to cover the value of your home in the event that something happens, such as a fire completely destroys it. What you might not have considered is the fact that your home will probably be worth more once the renovations are completed. If you don't let your homeowners insurance company know about these improvements, though, they will not know about this. This means that if something does happen to your home, you might not be covered for the full value of your home after the improvements. Contacting your homeowners insurance agency can help you make sure that your home is completely covered.

Score Discounts for Improvements That You've Made

Along with making sure that your home is fully covered for its full value after you might have made improvements that boosted that value, you also have to make sure that you are getting any discounts that you are qualified for. By contacting your homeowners insurance company after renovating your home, you can make sure of this. For example, your homeowners insurance company might offer discounts if you have made improvements to keep your home safe from being broken into or being damaged in a big storm.

Renovating your home is exciting, and it's easy to forget about simple things like calling your homeowners insurance company when you're all wrapped up in your renovation project. However, you should not forget to give your agent a call for these reasons and more. Companies like Oliveira Insurance Agency can help with more information.

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