Renovating your home allows you to upgrade and personalize the space. However, the process requires some planning to ensure you do everything correctly. In addition to finding a qualified contractor and laying out your design, you must also consider changes to your home insurance. Below is more information about how remodeling may impact your needs during and after you complete the project.

What Do You Need During Renovations?

Remodeling the home involves some inherent risk. If you’re completing the work yourself or enlisting family and friends, make sure you have enough liability coverage in case someone experiences an injury. If an accident occurs, they can file a claim with your insurance company directly, reducing the chance that you will later face a lawsuit.

If you’re hiring a professional to do the work, check that they have their own liability coverage. However, some may try to cut corners, so you should ask for proof that their policy will cover any injuries and damage to your property.

How Does Home Insurance Change After Renovating?

The changes that you make to your home may also impact your policy. For example, if you add square footage with a room addition, there’s more home to insure. Special features like a pool may also increase your rates, since this adds more risk for insurers.

However, some improvements may also lower your rates. For example, if you update an old plumbing or electrical system, this will typically make your home safer and lower the risk for insurers. No matter what changes you’re making, inform your agent about your plans so that you can see how they will affect your rates.

If you’re planning any home improvements or need a new agent for your home insurance needs, contact Jenkins & Bevan Insurance. Based in Amherst, OH, this insurance agency offers coverage to residents throughout Lorain County. In addition to home insurance, they also provide life, business, auto, and liability policies from a variety of providers. Visit the website for more information about their services. Call (440) 984-6771 to speak with an agent.