Summer is one of the most popular times for home improvement projects. Whether you’re tackling a small upgrade or a major renovation, it’s important to consider how these changes may impact your insurance coverage.
Home improvements often increase both your home’s value and your liability exposure.
Projects That May Impact Coverage
- Building or expanding a deck
- Installing a pool or hot tub
- Renovating kitchens or bathrooms
- Finishing basements
- Adding detached structures
These improvements can increase your home’s replacement cost and may require updated coverage limits.
Hiring Contractors
If you’re working with contractors, it’s important to confirm they carry proper insurance before work begins. This helps protect you if accidents or damage occur during the project.
It’s a good idea to request:
- General liability insurance
- Workers compensation coverage
- Proof of insurance documentation
Taking this step can help avoid unexpected liability issues and provide peace of mind throughout the project.
Increase Liability Exposure
Some home improvements also increase the likelihood of accidents. Features like pools, outdoor kitchens, fire pits, and expanded entertainment areas can increase the number of guests and activity around your home.
Reviewing your liability coverage helps ensure you’re prepared for these added exposures.
Planning ahead can help your summer project go smoothly from start to finish. A quick conversation before construction begins can make a big difference.
Planning a summer project? Call Gannon Associates Insurance at 844-GANNONS or email us at learnmore@gannonassociates.com before you begin. We’re here to help protect your investment every step of the way.
