Not only can a home renovation project turn your house upside down, but it can also increase the chances that something might go wrong. To minimize problems from occurring during a home renovation, consider the following:
- Make sure that the contractor you choose to work with is adequately insured. Ask them to provide you with an insurance certificate to confirm your project will be properly protected. Read over documents thoroughly. Before you sign a contract, double check to make sure you are not giving up your rights to receive payment for a loss if an accident occurs due to a third party’s negligence.
- Check and see that there are enough fire extinguishers located throughout the site of the project. A general guideline to go by is that there should be at least one fire extinguisher for every 2,000 square feet of space.
- Make sure the contractor cleans up the construction site on a daily basis. Cardboard containers, empty paint cans, and other construction materials can be dangerous if they’re left sitting out.
- Even if dust or people constantly going in and out trigger your fire or burglar alarm, refrain from disconnecting these systems completely during the project.
- Keep unwanted people away from the worksite by installing fencing, placing gates or chains across your driveway, or putting up motion-activated lighting.
During renovations, it’s also essential that you have proper insurance coverage to reduce the chances of being underinsured if an accident happens. Stay in contact with your broker as your project progresses, so any needed adjustments in coverage limits can be made.