Remodeling or renovating can be an exciting opportunity to make a house become the home of your dreams. However, the home of your dreams is often among your most significant investments, so it is critical that you adequately protect that investment during and after a remodeling project. The Brown-Hurst Insurance Agency Inc. team will happily work with you to properly structure home insurance coverage that meets your needs in Iowa.
The Impact of Remodeling and Renovating
A home insurance policy generally offers some protection during the remodeling process. Still, it is a good recommendation (and sometimes a requirement) that you advise your insurance agent of your plan before starting work to confirm your coverage. Consider acquiring an umbrella policy or extending your liability and medical coverage for damages, theft, or injuries during the project.
A remodeled or renovated home often increases your home’s square footage and furnishings, adds higher-quality countertops or cabinets, or brings more valuable artwork or collectibles into your home, leading to the need to enhance your coverage.
Meanwhile, additions such as new pools or hot tubs make your home more enjoyable but are considered "attractive nuisances" that increase your risk. On the other hand, some renovations reduce your risk. Sprinkler and security systems, improved roofing, and updated heating, plumbing, and electrical systems can lessen your risk, decreasing premiums.
So, regardless of your planned changes, please consult with your agent to see how they may affect your home insurance coverage.
Working with Brown-Hurst Insurance Agency Inc.
Each client has unique home insurance needs. Brown-Hurst Insurance Agency Inc., proudly serving the residents of Iowa, can help you avoid mistakes and protect your home and family against unforeseen events. Call or stop by today to discuss your condo insurance options.
