Have you had home renovation on your mind lately? While it sounds nice to make some aesthetic improvements (that may also increase the resale value of the house), you must also think about how renovating affects your homeowners insurance premiums before signing any paperwork with a contractor.

Let’s say you’re adding a room, or any square footage, to your house. When your home grows bigger, the replacement value of the property will increase. If you leave your coverage as is, you may not be fully covered in the event of a complete loss. However, working with your independent insurance agent to adjust your coverage can provide you with the correct amount of coverage for full protection.

Another scenario is making upgrades to existing rooms. One example is installing new kitchen appliances and cabinets. All this shiny new stuff can increase the overall value of your possessions, which should be fully covered by your home insurance. To fairly judge the price of your belongings, keep an active home inventory and adjust the contents coverage portion of your policy as needed.

Many people also wish to build an in-ground pool in their backyard, which is one of the riskiest renovations in the eyes of insurance providers. This is because of the increased liability risks pool owners will face. Thousands of pool-related injuries are treated in emergency rooms every year. The danger associated with pools will likely cause your home insurance rates to increase.

Home renovations tend to make things bigger and better, which means there’s more to cover with insurance. Before construction begins, contact your insurance agent to see what additional coverage you may need to protect your home through the construction process and for years to come.

Get the coverage you need. Call C.J. Noel Insurance at (239) 403-8391 for more information on home insurance.