Home » Homeowners Insurance in Kendallville, IN

Homeowners Insurance in Kendallville, IN

woman in white shirt wearing white helmet performing renovations with homeowners insurance coverage as a precautionAmidst the excitement of planning your dream kitchen or bathroom remodel, it’s important not to overlook the importance of securing adequate homeowners insurance coverage.

After all, home renovation projects can breathe new life into your living space, adding value and functionality to your home.


Does Homeowners Insurance Cover Home Renovation?

While homeowners insurance may provide essential protection against risks like fire and theft, it typically does not cover home renovation projects.

This means that if a contractor damages your property during renovations or if there’s a mishap that results in property damage or injury, you may not be fully protected by your standard policy. Explore additional insurance options to avoid out-of-pocket costs.


What is Home Remodeling Insurance?

Home remodeling insurance, also known as renovation insurance or home improvement insurance, fills the gap left by standard homeowners insurance by providing coverage specific to renovation projects.

This type of insurance can cover you against risks such as property damage, theft of building materials and liability for injuries on your property during the renovation process.


How Much is Home Renovation Insurance?

The cost of home renovation insurance can fluctuate based on the following considerations:

  • Scope of your project
  • Value of your home
  • Level of coverage you require
  • Contractors’ reputation and experience


How Much Home Remodeling Insurance Do I Need?

When determining how much home remodeling insurance you need, consider factors such as project costs and estimated work time. Your agent can help assess your circumstances and recommend coverage.

For instance, if you’re working with a bonded and insured contractor, you may require less insurance than you would if doing the remodel yourself.


Does Remodeling Affect Home Insurance?

If you’re undertaking a major renovation, such as adding an extension or upgrading your roof, check if your policy provides adequate coverage for these improvements. Often, improving or adding onto a home will necessitate higher coverage levels to reflect the greater property value.

Having sufficient roof coverage, in particular, is crucial, as it can protect against damage from weather events such as lightning or hail.


Learn More

SIA, LLC can help you determine the best coverages for your home. Contact us today to get started.


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