Florida Summer House Renovations? Make Sure Your Home Insurance Keeps Up

Summer is a great time for home renovations, whether you’re upgrading storm shutters or adding a new patio. But it’s important to remember that after you revamp your home, you may also need to revamp your homeowners insurance policy to reflect those changes.

Notify Your Insurer

Any upgrades you make to your home, whether remodeling your kitchen or replacing windows, can affect your home’s replacement cost. That’s why it’s important to let your insurer know what improvements you’re planning. Failing to report these improvements could lead to denied claims or insufficient payouts after damage.

Reassess Flood and Windstorm Coverage

Summer is a great time to check your flood insurance policy, which is separate from your homeowners insurance, before the hurricane season gets in full swing. Because flooding is such a risk in Florida, make sure that any upgrades or additions are made with flooding or storm risks in mind. Ask your insurer about certain mitigation features that may earn you discounts.

Update Your Personal Property Coverage

With renovations come new appliances, furniture, and fixtures. Document your changes and keep receipts. Depending on the changes you make to your space, it may be wise to increase your personal property limits. Your insurer may also recommend insuring some high-ticket items separately.

Check Contractors’ Insurance

Insuring your home and belongings is crucial, and so is checking that any contractors working on your home are properly insured. Always hire licensed and insured professionals to complete renovations or upgrades to your home and verify their coverage. If an uninsured contractor is injured on the job at your home, you could be held liable.

Contact Us

Summer can bring beautiful weather and the perfect opportunity to upgrade your home. But as you make those changes, make sure your insurance keeps up and reflects the value of your renovations. Contact Beck Insurance Group in Sarasota, FL and make sure your homeowners coverage meets your needs and budget.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.