Home remodeling can be a fulfilling endeavor, but it also introduces certain risks. The probability of mishaps amplifies while the labor is in progress, and your fiscal risks burgeon once the operation is complete. Therefore, it is advisable to discuss your remodeling ambitions with your insurance agent before initiating work. For those in or around Tallahassee, FL, consider partnering with our Fuqua Insurance Agency team for your insurance requirements.
Remodeling and Renovating Introduces Insurance Risks
We secure home insurance to provide financial defense against damage from fire, theft, vandalism, or other occurrences on our property. However, it’s critical to recognize that your risks spike during the home enhancement process. Remodeling could involve workers on-site, lead to the accumulation of valuable materials and tools on the property, and may involve work on electrical, plumbing, and other systems – each potentially causing damage if errors ensue. Given the heightened risks, insurance policies usually require homeowners to inform their agents before starting a remodeling project.
Upon completion, renovations often augment the home’s value due to increased floor space, modern kitchen cabinetry and appliances, and other potential improvements. Adding a pool or hot tub presents new risks, while improvements to electrical and heating systems may reduce hazards. No matter your proposed modifications, consult your agent before initiating the project to ensure complete coverage during and post-project.
Securing Protection with Fuqua Insurance Agency
A remodeled home represents a substantial emotional and financial investment, thereby necessitating protection against loss during and post-renovation. If you reside in or near Tallahassee, FL, consider collaborating with our Fuqua Insurance Agency team to attain the protection you need. Drop by or give us a call today at (704) 332-0011 to book an appointment.
