Renovations such as painting your kitchen cupboards or adding a heated towel rack to the bathroom won’t affect your home insurance coverage. However, Waldron, AR, homeowners will need to inform their insurance agency about any significant renovations that affect property value and liability coverage.

Renovations That May Require Changes to Your Home Insurance Policy

Changes that affect the safety of people in your home will affect liability coverage. Adding a pool or outdoor fireplace to your property can increase the risk of accidents and likely result in higher liability coverage premiums. On the flip side, renovations such as adding new smoke detectors to the home can lower your premiums.

You’ll also want to tell your insurer about renovations that increase your home’s value. Renovating the entire kitchen, adding a new deck to the home, or turning a basement into a bedroom add value to your home, and you’ll want your insurer to know about these renovations to ensure they’re covered by your policy.

You need to tell your insurer about any renovations involving electrical work and plumbing. This type of work has to be done by a licensed professional if you want to maintain home insurance coverage.

Call The Owens Agency LLC to Find Out More About Home Insurance

Our team at The Owens Agency LLC serves homeowners in and around Waldron, AR, and is always happy to answer questions, offer advice, and help homeowners pick home insurance coverage. If you’re renovating your home and have found that your current coverage isn’t meeting your new needs, call us. We’ll help you pick a home insurance policy or policy bundle that’s a good fit for you.