Homeowners in Evergreen, CO, who want to ensure their home is properly covered at all times should contact their home insurance company after completing home renovations. The reason for this is two-fold. First, some renovations can lower the cost of a policy. Second, certain renovations may require a home insurance policy update to keep your home fully covered at all times.
How Home Renovations Affect Home Insurance
Your home is insured based on its current value and structure. Making changes that make a home safer than before can lower policy costs. Such renovations can include replacing a roof or installing a new fire alarm system. On the other hand, renovations such as installing a new swimming pool can increase the likelihood of accidents and thus raise the cost of a home insurance liability policy.
Other changes require adding to your policy to ensure new structures and systems are fully covered. If you make changes to your electric system, your insurance company will want to verify that a certified, licensed electrician did the work. Similarly, you’ll want to add these structures to your policy if you add a new structure, such as a garage or fence.
Contact Davidson Insurance Agency for More Information
Davidson Insurance Agency specializes in helping Evergreen, CO homeowners assess home insurance coverage options and pick the policy that best meets their needs. We can also offer advice on renovating your home to ensure your upgrades don’t negatively impact your policy. Call us at your convenience to find out more or to get home insurance policy quotes.
