Renovations That Can Affect Your Insurance

gated community

In our last blog we discussed how remodeling your home can affect your insurance. Home improvements may raise the value of your home and, therefore, require more insurance coverage to protect your investment. However, renovations do not always have to require more money insurance-wise. Depending on the renovations, you may save money, too. Some renovations may earn you discounts. That is why it is important to discuss your home remodel with your insurance agent. You don’t want to undervalue your home, and you don’t want to miss out on savings either. Read on to find out more about renovations that can affect your insurance.

The Fun In Renovating

Renovating your home can be exciting. It is a time to use your creativity and make your dreams come true: new paint colors, or maybe wallpaper (yes, it’s making a comeback!), new carpets or flooring, new fixtures, fun, fun, fun. While most renovations will probably raise the value of your home, some upgrades may trigger savings.


Insurance providers are especially concerned with the age and state of your roof. According to agents, that is where most losses occur due to rain, wind, hail, and snow damage. Adding a new roof can cut your premiums by up to 20 percent. If you live in areas that are known for hail, strong winds, or hurricanes and you employ special measures such as using top-grade shingles, waterproofing, or hurricane straps, you may save even more.

Electrical And Plumbing

If you are having your kitchen remodeled or a room addition, it may be a good time to upgrade your electrical and/or plumbing. Such upgrades can also trigger insurance discounts and help offset costs.

Location, Location, Location

Did you know the location of your home affects your insurance premiums too? That’s right. If you live in a gated community, or near a fire department in a safe, quiet neighborhood, your home may cost less to insure than if you live in a high-risk area.


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.