A home renovation project is an excellent way to not only make your house more enjoyable but increase the property value as well. One of the most popular questions regarding such a project is whether or not you need or should tell your insurance company about such a home renovation. At Oliver Insurance, we want to make sure your entire house is protected, which is why we recommend informing your insurance company when making any sort of renovation in Canby, OR or the surrounding areas.
When Contacting Your Home Insurance Provider Isn’t Necessary
There are some home renovation projects you may not need to inform your insurance provider of. These are usually projects that don’t increase the value of the home but simply correct current issues. Correcting some plumbing issues or electrical problems likely do not need reporting to your home insurance provider as it won’t play a major role in the cost of your home. If you’re not sure about if the project has an effect on property value, contact us at Oliver Insurance and we can help you with this question.
When to Contact Your Insurance Provider
If you are performing any sort of upgrade, such as a new floor, renovating the kitchen or adding on a room to the house, you need to tell your insurance provider as it will have an effect on the overall value of the home.
A home renovation is an exceptional use of your money. Initially, you may not want to inform your insurance company about the project as it can increase your monthly premiums. However, in the long run this is almost always necessary as it protects your investment and ensures you receive payments for any damage your newly renovated home sustains. At Oliver Insurance, we are here for you, so if you have questions regarding your Canby, OR home, give us a call at your convenience.
