Are you thinking of adding an addition, finishing your basement, or transforming other areas of your home into a new space? If you answered yes, then it is important you are ensure you have the proper insurance in place covering the following:
It is best to avoid waiting until your renovation or addition is complete to change your homeowner’s insurance policy. In the event the newly renovated space suffers from damage before the final touches are added, you will want to make sure it is insured. Before you begin your project, contact your insurance agent to increase the value of your home, reflecting your planned changes to your home.
Your Personal Belongings
When renovating or adding more livable space to your home, you will likely be accumulating new personal belongings. If you add new furniture or equipment, be sure your personal possessions coverage is still sufficient on your homeowner’s policy, as well as remember to add these items to your home inventory list that you have on file.
Your General Contractor
It is critical that you ensure your general contractor has a workers’ compensation policy in place since this coverage is essential in protecting you from having to pay for workers’ injuries yourself. Before work begins, be sure to ask your general contractor to show you a copy of their workers’ compensation insurance policy.
Most often, your general contractor will subcontract part of the work, typically when it comes to services such as electrical or plumbing. As with your general contractor, be sure to verify whether or not the contractors’ workers’ compensation policy will cover these subcontractors, or ensure the subcontractors have their own.
If you have any questions when it comes to protecting you, your home, and your belongings when it comes to your home’s remodel, be sure to contact Brazelton Insurance Group today!