Adding a new room to a home is exciting and nerve-wracking at the same time. If you plan to live in the house while the work is being done, be prepared to put up with dust, noise, and inconvenience while the work is in progress. The result is usually worth it; however, it does require patience to get through the process.
Adjust Home Insurance for Adequate Coverage
One thing that may be overlooked is the need to adjust home insurance to take into consideration the changes that are going to be made. Work with your agent at Insurance Solutions of Texas, serving Sugar Land, TX and the surrounding area, during the planning stage for a new home renovation project or room addition.
Check the Contractor’s Insurance
Before committing to a choice of a building contractor, ask for copies of all the contractor’s insurance policies. By law, a contractor must have workers’ compensation coverage for any workers who are injured or killed while on the job. Make sure the workers’ compensation insurance is in good standing and current.
Look For Gaps in Coverage
Ask your insurance agent to conduct a professional review to look for gaps in insurance coverage. For example, if the building materials will be stored on the home’s property while the construction work is in progress, does the contractor’s insurance provide protection if they are stolen? Or, do you need some added protection?
Ask your agent about these things and more, such as replacement cost coverage for enhanced protection. Many homes are underinsured. Find out if your current home insurance provides enough protection.
Contact your agent at Insurance Solutions of Texas in Sugar Land, TX to get a home insurance review. We can help with evaluating the insurance of your building contractor and recommend how to adjust your home insurance to provide adequate coverage while your renovation project is in progress and after the home addition is completed.