Completing a home addition or remodeling project is one of the most thrilling aspects of homeownership. These changes truly transform a house into your personal space. However, amidst all the excitement, it’s easy to overlook the impact of a remodeling project on your home insurance. It’s crucial to inform your insurance agent about your renovation plans before the work begins. If you reside in or near Indianapolis, IN, our team at Irvington Insurance is here to help you secure the insurance coverage you need to safeguard your family and home.

Inform Your Agent Before Starting a Remodel

While most home insurance policies offer limited protection during the remodeling or renovation process, it’s wise to have more than just basic coverage. The presence of workers, equipment, and the process of dismantling and rebuilding parts of your home increase the likelihood of accidents. Many insurance companies require you to notify them before the remodeling work begins. Failure to do so can affect your coverage.

Adding umbrella coverage or expanding your home policy can help protect against the hazards and injury risks associated with remodeling. Moreover, if the completed project adds square footage, new appliances, cabinets, fixtures, or enhances your home’s value in any way, updating your policy ensures your renovated home is fully insured.

Remodeling projects sometimes include additions like a pool or hot tub that increase risks, and these need to be added to your policy. Conversely, updating your home’s electrical, plumbing, or HVAC systems can reduce your premiums. Contact your agent to ensure you have the appropriate coverage during and after your remodeling project.

Partnering with Irvington Insurance

Your home is a significant investment and requires adequate protection. Let our team at Irvington Insurance, serving the Indianapolis, IN community, assist you. Call us today at (317) 322-1000 to discuss your insurance options.