House Renovations and Their Impact on Home Insurance

Whether you’re planning a kitchen remodel, adding a new room, or upgrading your roof, it’s important to understand how home renovations can affect your home insurance. Your insurance broker can help you navigate the insurance implications of home improvements so you can protect your investment and avoid surprises down the road.

How Renovations Can Affect Your Home Insurance

Renovations often increase the value of your home, which may mean you need greater coverage limits. Some upgrades can also impact your insurance premiums or eligibility. Consider the following:

• Increased replacement cost—Major renovations, like adding square footage or high-end finishes, can raise the cost to rebuild your home after a loss. Your policy may need to be updated to reflect these changes.
• Premium adjustments—Certain improvements, such as installing a new roof or hurricane-resistant windows, may lower your premiums by reducing risk. Others, such as adding a swimming pool, could increase your rates due to added liability.
• Coverage gaps—If you don’t notify your insurer about significant changes, you risk being underinsured or denied claims. Some renovations may even require additional endorsements or policy adjustments.
• Contractor requirements—It’s important to ensure your contractors are properly licensed and insured. Uninsured work can create coverage issues if something goes wrong during the renovation.

Common Renovations That May Impact Insurance

• Kitchen and bathroom remodels
• Room additions or conversions
• Roof replacements or upgrades
• Installing pools, decks, or outdoor kitchens
• Upgrading electrical, plumbing, or HVAC systems

Contact Us

Consulting with an insurance provider before you start home renovations can help you avoid coverage gaps and unexpected costs. The team at Tiago Guimaraes Insurance in Winter Garden, FL can help you understand how your renovation plans may affect your home insurance.

Contact us today to review your home insurance and get expert guidance.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.