How Could Renovations Affect Your Home Insurance?

You’re finally going to do it. You’re renovating your home. You and your spouse have all of the plans ready. You’ll start in the kitchen, create a backsplash, install new cabinets, and you’ll finish with a fire pit in the backyard. You’re ready to start, but there’s one thing you didn’t consider: how will this affect your home insurance? 

Home renovations may have the following impacts on your home insurance: 

  • You may need to increase your homeowner policy limits. If your house went up in value it may now exceed the limits of your homeowner policy. This could leave you without the insurance coverage you need if your property is damaged or destroyed. Before you start your renovations, consult with the trusted, knowledgeable insurance specialists at Stevens Insurance in Las Vegas, NV. 
  • You may be able to negotiate a lower rate if you replaced the roof. After you complete repairs and especially if you install a new roof, you need to contact your home insurance company. New roofs will provide better protection from mother nature and likely will extend the life of your home. Your insurance company will recognize this and may be willing to lower your rates after your project is complete. 
  • You may need to increase the personal property limits. When you renovate, you likely will buy more than siding and roofing materials. If you purchase an expensive TV, pool table, or other valuables, make sure you increase your personal property limits, so they’re protected in the case of a disaster. 

If you live in or around Las Vegas, NV, you need an insurance company you can trust. You need to contact Stevens Insurance. Give them a call today at (702) 648-9689 and see what they can do for you.