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Does Home Insurance Cover Home Improvements? 6 things to know.



Ready for that roof repair? Craving a new kitchen? Do you need more space for your growing family? It sounds like home renovations are underway.

Before you begin, you may be wondering: will home insurance cover home improvements and will upgrading different parts of my home affect my rates and coverage?

Let's explore some of the most common home improvements and what they mean for the value of your home and your insurance rates.

  1. Build an extension. As your family grows, your home may need to grow with it. Are you considering an extension? Think about this too. More habitable space is likely to increase the value of your property and it may increase the protection you need.
  2. Renovate your kitchen. Before picking out skills and starting a demo, call an agent. Warn them about upcoming renovations so that you are covered if something goes wrong during construction. Once completed, adjust your policy to ensure adequate replacement coverage for your newly finished kitchen.
  3. Adding a pool. Putting in a pool can mean days of fun. But it can also mean increased coverage for liability, increased home value and risk. Some of the liability protection may already be included in your home policy, but more coverage can protect you from expensive medical costs related to accidents or injuries that happen to your property. It is also important to note that some insurance companies do not cover pools, which can lead to your current insurance being canceled. An agent will advise you on coverage options and additional pool security measures, such as fencing.
  4. Adding an office for a home business. Do you run a hair salon, yoga studio, music class or small business from home? Businesses, especially those with frequent pedestrian traffic, need more coverage. Talk to an agent about what is included in your homeowners policy and whether additional coverage is needed to provide protection and peace of mind.
  5. Redo your roof. Replacing roofs is very expensive. But it is the part of your home that prevents water and weather damage and extends protection for decades. An agent can help you determine if you are eligible for a renovation discount and share how your prices can be improved with this home update.
  6. Build a tire. Even if it is outside your home, a deck can increase your property value. Is your tire on the second story or higher? Talk to an agent about the details of the renovation so that your policy can be adjusted for risk and value.

It is important to keep open lines of communication with an agent before starting a home renovation project. An agent will make sure you have enough coverage to protect your investment, so you can enjoy your renovations with more peace of mind. Curious about an ongoing or upcoming project? Talk to one of our local, independent agents today.


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