Do You Need to Report Home Renovations to Your Insurance Agent?

Remodeling your home is a great way to increase property values and improve the overall quality of life for your family. However, before anyone picks up a hammer or starts coming up with design ideas, it is important to talk with your Santa Clarita, CA insurance agent. Here’s what you need to know.

Why It Is Important to Talk to Your Insurance Agent About Home Renovations

Before you start any projects, it is a good idea to schedule an appointment with your homeowner’s insurance agent. Why?

For starters, having contractors in and out of your home during the process raises the risk of an accident or guest injury from occurring. This is why many property owners opt to increase their level of liability coverage during a project.

Next, any improvements made to your home can increase the value. If there was a sudden fire or another source of major damage, this would make a difference in the replacement cost to rebuild. Certain renovations can also increase the square footage of your home, which also affects coverage. By letting your agent know what’s going on, they can adjust the policy accordingly to ensure your home is totally protected.

Changes in Life Require Changes in Insurance Coverage

Whether you’re looking at adding extra space or just updating the cosmetic look of your home, it is incredibly important to communicate with your Santa Clarita, CA insurance agency. At WPL Insurance Services, we want to make sure your policy meets the needs of your family while providing you total protection. If we don’t know that you’ve made a major upgrade to your home, it makes it harder for us to do our jobs.

Are you ready to learn more about how renovations affect your homeowner’s insurance coverage? Please contact our WPL Insurance Services team today.