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When you’re planning a significant home improvement project, you should contact your homeowners insurance agent to update your policy. Several renovations can affect your insurance needs, and it's important to keep your provider in the loop so you aren't left underinsured. Here are some home renovations that can affect your coverage needs. 

How a Remodel Can Affect Your Homeowners Insurance Needs

Adding a Swimming Pool

If you’re planning to add a swimming pool to your yard, your rates will likely increase because of the added risk. Pools are a potential hazard, with slippery surfaces and the risk of drowning. They might attract neighborhood kids, who may attempt to use it without supervision. Injuries that occur because of this would be your responsibility, which is why it’s crucial to boost your personal liability coverage.

Installing a New Roof

Homeowners insuranceAn old roof can lead to water leaks, one of the costliest forms of property damage. Leaks can result in thousands of dollars in damage to walls, ceilings, floors, carpeting, and furniture. Worse, it can lead to mold growth, which is difficult and expensive to remediate and presents a health hazard. The addition of a new roof will reduce your carrier's risk of a serious claim, which should reduce your monthly premiums. Be sure to let your agent know about the installation so they can recalculate your monthly rate.

A Room Addition

Homeowners insurance rates are partly determined by the amount of living space in your home. The more square-footage it has, the more you'll pay for dwelling coverage. If you build a room addition, you'll need to increase your limit to address the larger space. Ask your builder to provide an estimate for how much it would cost to rebuild your entire home—including the addition—in the event of a total loss due to fire. Use that amount as a guideline for your new coverage limit.



If you need to update your homeowners insurance policy to accommodate a renovation project, contact Kalita Agency in Watertown, CT. They’re family-owned, serving clients in and around Litchfield County, and have a reputation for exceptional client care. In addition to homeowners insurance, they also offer business, health, life, and auto insurance. Call (860) 274-8882 to discuss your needs with an experienced agent or visit their website for an online insurance quote. 

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