Home renovations come with a variety of risks. If someone slips and falls on the job, you could face lawsuits. If something is installed incorrectly, your home could catch fire or experience flooding. Even minor accidents can set your project back and incur additional costs. One question you might find yourself asking is: Do you need home insurance while renovating a home? For example, if you purchased a home and are fixing it up, is home insurance a requirement? Here’s why home insurance can be helpful and how you can find the right policy with our support at Ottawa Insurance Agency, serving Zeeland, MI.
Should You Have Home Insurance While Renovating a Home?
Having home insurance while renovating a home protects you in the event of property damage or accidents. However, not all home insurance policies provide adequate coverage for renovations. A standard home insurance policy may offer limited protection, covering small property renovations or those with minimal impact on your home. For more extensive renovations, you’ll likely need builders’ risk insurance. Builders’ risk insurance provides an additional layer of protection by covering damages caused by fire, vandalism, or theft of materials used in the renovation. This coverage provides you with peace of mind, knowing that your renovations are protected. Additionally, ensure your contractors have their own insurance coverage to avoid legal repercussions later. Even during renovations, home insurance is essential!
Keep Your Home Safe During Renovations and Beyond With Ottawa Insurance Agency
If you need home insurance for upcoming renovations, you can trust Ottawa Insurance Agency, serving Zeeland, MI, to help you find affordable policies quickly. Compare quotes with us today!
