It takes some level of consideration to finally decide to make some renovations to a house. Will you be renovating the bathroom or kitchen first? Whichever, before you get handy with those tools, you need to get know what your insurance covers in case anything goes wrong.
Without a doubt, having the right amount of information can save you from stress or mishaps in the future. This article will highlight several things you need to know about insurance coverage before renovating your home.
Confirm your Insurance Coverage Policy
Whether you plan on taking a small or large housing project by yourself or a contractor, you need to do a recheck of what your insurance covers. Coverage policies differ between insurers, so if you have forgotten, reread your Product Disclosure Statement.
Doing the project without checking could mean you will have to pay for any mishap if you later find out it doesn’t cover such renovation.
Also, comments on reviewsbird.co.uk show that even without coverage for your renovation by your insurer, you don’t have to be worried. Why? Your contractors or builders might offer a form of insurance for the project.
Reduce Your Absence from Your Home to A Minimum
During small housing renovations, there is every possibility that you don’t need to leave your home for some specific amount of time. But, during larger projects, there is a higher chance that you will have to leave your home for such renovation to occur. Now, you have to ensure that the number of days you are absent from your house is at a bare minimum.
Why? Some insurers place home limitations requiring you to be absent for at most sixty days. Staying over the agreed time you have with your insurer puts your home under “void” risk. Often, it requires you to pay more for insurance coverage. You should also ask for insurance opinions before leaving your home to confirm how your insurer operates.
Keep Your Home Secure
During this time of renovations, with several equipment and appliances everywhere, burglars become tempted to take a peek into your home. Most homes under renovation get unoccupied during this period, so try to make your home secure, or to look like someone lives in it.
You can put up new fences, leave lights on at night and daytime, and continuously check your letterbox. All these inform potential thieves of a presence in the home. However, it is not 100% certain there won’t be attempts. So, ensure you place all your valuables in a safe and secure box or container and, if possible, take it off-site.
Update your Policy and Include Your Renovations
Once the renovation is complete, and your home looks good as new, it is time to revisit your insurance provider. Contact the insurer for your contents and home policy. Do this if you accidentally damage any of your new furniture or housing compartments; you know you have coverage.
Many persons do not take into consideration the effects of performing renovations in their home. Do not be ignorant of these essential things to check before renovating.