Whether you’re transforming a bare basement or adding a backyard deck, renovations can change your home insurance policy. Before hiring a contractor and knocking down existing walls, it’s best to know how your coverage may be affected. The following guide highlights steps to take if a home renovation is in the works.

A Guide to Home Insurance and Renovation Projects

Contact Your Provider

Let your home insurance carrier know if you’re gearing up for a remodeling project. An agent will be able to tell if you need updated coverage to accommodate the change. For instance, an in-ground pool installation requires additional protections. When the renovation is completed, be sure to follow up with your insurance provider.

Check Liability Coverage

Relatives and friends may pitch in to help with a DIY home renovation. It’s critical to check your home insurance liability coverage to ensure there’s enough in place in case someone is injured. Depending on your policy, you may be able to raise the amount of no-fault medical liability coverage as an added precaution.

Confirm the Contractor’s Insurance

Your home renovation may require hiring a general contractor. Ask to see proof that they have both workers’ compensation and business liability insurance. If an employee is injured while working on your remodel, their employer’s coverage will pay for their medical costs, instead of suing you to recoup. Likewise, if a contractor’s negligence causes damage to your home, their insurance will pay for the repair or replacement expenses.

Document the Renovation

As you proceed with your home remodeling project, maintain a file of all receipts for services, materials, and related expenses. Take before and after photos with time and date stamps. These pieces of information may be needed if your home insurance provider requests proof of the renovation. The documentation can also be helpful if there’s an issue with the general contractor.

State Farm® Agent Bruce Richardson continues to help homeowners prepare for the unexpected during a renovation project. Based in Mooresville, IN, Bruce brings more than 25 years of experience to the table, which helps provide clients with customized home insurance policies. If you’re planning a remodel in or outside your house, call (317) 831-3500. Bruce will gladly review an existing plan to ensure you’re protected. For a quote for new coverage, you can submit your request online.