Does Remodeling Your Home Affect Your Insurance?

home renovations

You’ve wanted to remodel your home for years and you’ve finally done it. It looks great, it feels great, and it’s up to date. It could even be in House Beautiful. Now you can sit back, relax, and enjoy, right? Not so fast. If you’ve updated your house, you may also need to update your homeowner’s insurance plan.  According to experts, one-fourth of all home remodels increase the value of the home by 25 percent or more. However, homeowners do not think of increasing their coverage. Does remodeling your home affect your insurance?

Don’t Get Caught Short

Here are some facts you should know/do before beginning your home remodel:

  1. Home renovations can include anything from updating your ‘70s bathroom, remodeling your kitchen, finishing your basement, adding a deck, another room, a front porch, or putting in a swimming pool. For any renovation, you of course need a permit. Even before obtaining a permit, call your insurance company to discuss your plans and to find out what changes may need to be made regarding insurance coverage.
  1. Another thing you should do if you are putting furniture or other items in storage is to make sure they will still be covered if something happens to them while they are outside your home.
  1. Check with your insurance company to find out if you need to increase your liability coverage during the renovation. Don’t get caught short if someone were to get injured.
  1. Ask your contractor/s to see their insurance certificate to make sure they carry insurance of their own.

Your Home’s Value

Your insurance agent can tell you whether your remodels increased the value of your home or not. Not all projects do. However, if your renovations do, it is important to increase your property coverage to match the value of your remodeled home.


With over 20 years of experience in the insurance industry, the Jeff Van Matre Insurance Agency can help you choose the right coverage plan to protect your personal and business assets and put your mind at ease. To learn more, or to get a free quote,  call our Carrollton office today at 972-492-8500.