Properly Insure Your Home Improvements

Properly Insure Your Home Improvements

If you’™re like me, you sat down with your agent to discuss your coverage and how it works, only to forget the moment you walked out of his office. Well, now is the time to revisit the discussion. Call your insurance agent to verify proper insurance coverage, before you starting any home improvement project.
Here are two very important points to cover with your agent.
Guaranteed Home Replacement Cost – Some policies will cover 25% more than the dwelling amount listed on the declaration page. Be sure to inform your agent how much needs to be added to your policy in order to cover new construction and new furnishings.
Backup & Sewer/Drain Coverage “ You may not have cared too much about this line item before your basement was finished. You didn’™t worry too much about your concrete floor and unfinished walls. Policies vary on coverage. You could have generic coverage for $2,500 or none at all. Most carriers will allow for additional coverage when placed at increments.
If you don’™t feel comfortable with your current coverage, it may be time to look for a new agent and policy. As always, we’re here for you. Basements & Beyond Renovations Inc. 403-999-4495

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