Make Sure Your Homeowners Insurance Policy Covers Renovations Before You Leave on Vacation

Well, you’ve been putting off renovating your home until you’re away on summer vacation with your family. It is the perfect time to get the project done. Not only can renovating your home add value to your property and give you some extra space, but doing roofing, plumbing, electrical, or furnace renovations may save you money on your home insurance policy. However, before you head out of town to relax, there are a few things you should know about your homeowners insurance policy and the implications of renovations.

During renovations, your homeowners insurance policy may not cover damages or may be limited due to the risks associated with construction.  There are several insurance options you can take advantage of to ensure your home and the workers doing the renovations are adequately protected. First make sure you request a Certificate of Insurance from the contractor. As well, a WSIB clearance certificate should be requested. Adding a builder’s risk policy or amending your existing policy to allow for renovations would be required to ensure adequate protection.

Before renovations begin, the first thing you should do is contact us at Noble Insurance. We can protect you from potential liability and also assess how your homeowners insurance will be affected once the renovations are complete.