Before starting a home renovation, you normally do a lot of research. You can start organizing your ideas by reading blogs and creating Pinterest boards. Whether you’re preparing a home addition or you just want to better your current property, the same plan applies.
Then there’s the process of deciding on a budget, vetting contractors, and obtaining the appropriate permits. However, despite their vision to develop their homes, many homeowners are ignorant of how renovations can affect their property’s value and homeowners’ insurance.
So, before you start slamming down walls with a sledgehammer, make sure you know how home renovations impact your insurance.
If and where your standard homeowners’ insurance falls short, home improvement insurance goes above and beyond to cover your renovations and improvements. This insurance, also recognized as dwelling under renovation insurance, can be a lifesaver if things don’t go as planned.
What does the renovation insurance cover?
Renovation insurance provides certain unique benefits not found in standard home insurance policies. Below are some of them :
· Unoccupied home
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