Should I Contact My Insurance Agent About Home Improvements?
We’re finally getting
that central air I wished for last Summer when the house was sweltering.
The kids will be so
excited when they find out we're putting in a pool.
It's time for another trip to Home Depot to pick out shingles for the roof.
How cozy will our home be next Winter when we can use the new wood stove?
If your thoughts about the changes to your home are similar
to these, it's time to contact your insurance agent. Many changes, whether they
are upgrades or improvements, need to be disclosed on your home insurance for
many reasons.
A new pool, trampoline, or wood stove are exciting updates
and bring enjoyment to you and your family, but they also bring risks. If a
claim situation arises and your pool, trampoline, or wood stove is not listed
on your homeowner's insurance, you could find yourself in a situation where the claim
is denied or a deductible that was affordable is now out of the question.
Another reason to contact your insurance agent is to save
money. Home improvements related to heating & cooling, roof, plumbing, and
electrical could lead to home insurance discounts. Although these types
of updates to your home are costly, the savings on your home insurance is
usually continuous. Major updates to your home can also increase the value of
your home; another reason to contact your agent. Ask your agent if the amount
of coverage you have is still sufficient.
In conclusion and to answer the question: Should I contact my insurance agent about home improvements? Yes, contact your agent with home improvements. We recommend an insurance review periodically. Our local
agents are happy to review your home insurance coverage through the life of
your policy!
Written by Karlee Miller
Creative Administrator
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