Renovations and Home Insurance

Making improvements and renovations to your home early in the year is the best way to make your home more comfortable for your whole family. While you are choosing your color scheme and deciding on hardware for your kitchen cabinets, it is also important to make sure you consider how any renovations will affect your homeowner’s insurance policy.

Typically, any renovations that you make to your home will increase the value, which means your existing homeowners insurance policy will probably not provide enough coverage. Adding square footage to your home will mean increased costs if you ever have to repair your home since there will be more to repair. Knowing how much it will cost to repair your home after a disaster will help to ensure that you invest in the right amount of home insurance.

If your renovations include making your home greener by adding solar panels, you will get to enjoy lower energy bills. You may also be able to benefit from discounts on your homeowners insurance. Make sure to talk with your insurance agent before making any green renovations to your home to see if you will qualify for any discounts.

If you are thinking of adding a pool or a backyard deck to your home, make sure to increase your liability insurance. While a deck and pool will be the perfect place to relax during the warm summer months, it can also increase the chance that someone will get injured. Increasing your liability coverage will help to make sure that you are protected in case of any accident at your home.

For all of your home insurance coverage needs and to ensure that your policy matches your new and improved home, contact the insurance professionals at Aimpro Insurance in Phoenix, Arizona.