What You Need to Know Before Starting That Home Improvement Project
Neighborhoods in Maryland and Virginia are bustling with activity. House prices are going up. Home renovation projects are at an all-time high. Whether you’re adding a patio, remodeling a kitchen or expanding your garage, home improvements can add value. Talk to you insurance agent before you start your projects. Planning ahead can save you money. Avoid making costly mistakes.
During the past year space has become a valuable commodity. So many people working from home due to the coronavirus pandemic, has made home offices a desirable asset. But before you start that home improvement project—whether it’s a new office or another bathroom—we’d like to help you avoid some common mistakes.
Important Things to Remember When Planning a Home Improvement
Insurance, Licensing, Recommendations
1) It’s important to hire a contractor who is insured and licensed. So remember to ask to see their license and documentation of insurance coverage for worker’s compensation and liability insurance ie. certificate of insurance. Visit their website. Do your homework by reviewing their online reviews and ask to see photographs of past projects. The recommendations of other people who you know and trust who have used the same workmen can be a good indication of the quality of their work.
Observe Local Ordinances
2)Homeowners insurance does not cover a contractor’s use of defective materials, nor does it protect you if their workmanship is substandard. By following local laws and inspections, standards and quality are more likely to be scrutinized by your town, city or county. Follow the laws.
Contact Your Agent
3) Inform your Insurance Agent as to the work you are planning. They may have suggestions as to adjustments that should be made to your policy before work begins.
Update Dwelling Coverage and Liability Coverage.
4) The amount of dwelling coverage for your house will need to match how much it would cost to replace your home, post-renovation. Other remodeling projects such as the installation of a swimming pool can add increased liability exposure. Make certain that the needed coverage limits and appropriate deductibles are adjusted to reflect your needs once the project is completed. Always keep your homeowner’s policy up-to-date.
Your Insurance Agency Can Help You Keep Coverage Up-to-Date
Whatever projects you are planning, it’s always a good idea to contact your agent to discuss how these changes will affect your insurance policy. At the Crilly Insurance Agency, 410-571-1771, we are always available to answer your insurance questions. We want our customers to have the homeowner’s coverage they need.