Your Insurance Could Be Affected By These Home Renovations

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Home Improvement Projects That Could Impact Your Insurance

Spring and summer are great seasons for home improvement projects. If you have a list of renovations you’d like to do to your home, it might be best to talk about them with your insurance agent before you kick off your project, as they could affect your homeowner’s insurance. —How? Well, depending on what you do to your house, you might need more coverage, and depending on the case, you could apply for a discount.

Here are four of the most common home renovation projects that could have an impact on your insurance.

Home Expansions

If you build a new addition to your home, like expanding your kitchen, building a new bedroom, or adding a second story, the cost of repairing or rebuilding will increase. That is known as the replacement value, and if it increases, you will likely need to increase your coverage.

Home Improvement Projects That Could Impact Your InsuranceKitchen Renovations

Kitchen renovations certainly give your home more value, particularly when you put in better-quality counters, flooring, and new appliances; in which case your policy might need an upgrade too. If you decide to do electrical upgrades or redo your plumbing, it’s worth asking if you’re eligible for a discount, since upgrades of that sort help prevent flooding or fire damage.

Building a Deck

Decks are cool home improvement projects and very frequent, too. It can increase the worth of your home, but it can also represent a risk, especially when it’s an addition to a higher story. This one is a good one to discuss with your agent before you get started.

Adding a Pool

Here’s another project that can increase your home value, but it’s also a risky one. Why? Well, think of all the times you’ve heard about someone having a pool-related accident. In this case, you should definitely, talk with your insurance agent about your liability coverage. If you don’t have it, you’ll need it, and if you do have it, you might need to increase it.


Before diving headfirst into a home improvement project, be sure to have some one-on-one time with your independent insurance agent to make sure you make the necessary adjustment to protect your interests.

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