Protecting Your Home During Renovations: What You Need to Know About Insurance

Renovating your home can be exciting, but it also introduces new risks that many homeowners overlook. Whether you’re adding a new room, remodeling the kitchen, or revamping the backyard, ensuring your insurance coverage is up to date is essential. Here’s what you need to know about protecting your home during renovations.

​1. Notify Your Insurance Provider
​Before starting any major renovations, inform your insurance company. Some renovations, like installing a pool or expanding square footage, can increase your home’s value, requiring an update to your policy.

2. Ensure Your Contractor is Insured
Hire contractors who carry liability insurance and workers' compensation. This protects you from potential lawsuits if someone is injured on your property.

3. Consider Builder’s Risk Insurance
For larger renovations, a builder’s risk policy can cover materials, tools, and the structure itself during construction. This is especially useful for long-term projects.

4. Protect Against Theft or Vandalism
Construction sites can attract thieves. Ensure your homeowner’s policy or builder’s risk insurance covers stolen materials and vandalism.

5. Review Liability Coverage
Renovations often involve contractors, delivery personnel, and other visitors. Check your liability coverage to ensure you're protected if accidents occur on your property.

Conclusion:
Home renovations are an investment in your future, and proper insurance coverage ensures your peace of mind during the process. Contact VIP Insurance Professionals to review your policy before your next big project.