{"id":63,"date":"2017-07-12T02:00:00","date_gmt":"2017-07-12T14:00:00","guid":{"rendered":"http:\/\/www.idahoselectinsurance.com\/blog\/?p=63"},"modified":"2017-08-25T14:17:58","modified_gmt":"2017-08-25T20:17:58","slug":"can-home-renovations-alter-your-insurance-coverage","status":"publish","type":"post","link":"https:\/\/www.idahoselectinsurance.com\/blog\/can-home-renovations-alter-your-insurance-coverage\/","title":{"rendered":"Can Home Renovations Alter Your Insurance Coverage?"},"content":{"rendered":"

Major home renovations can have an effect on your homeowner’s insurance coverage. Before renovating your property this summer, talk to your Idaho Select Insurance agent to see how a project may affect your policy. Here are a few ways in which renovations can alter your coverage.<\/p>\n

Add to Your Home’s Value<\/h2>\n

Major home renovations such as replacing your roof, adding a new patio or remodeling your kitchen could substantially increase your home’s value. If so, you’ll need to update your policy to reflect your new property value. This could result in an increase in your insurance premium.<\/p>\n

Failure to update your policy leaves your renovations unprotected. If your home suffers damage from fire, flood, storm or other catastrophe, you could suffer financial loss by having to cover the repair or replacement costs of these investments on your own. <\/p>\n

Require an Increase in Liability Coverage<\/h2>\n

If you’re remodeling on your own or with the help of friends, you may need to increase your liability coverage for added protection against accidents. If anyone gets injured while helping to renovate your home, your liability insurance will cover their medical care.    <\/p>\n

Lower Insurance Premium<\/h2>\n

Renovation projects that make your Meridian, ID home a safer place to live such as plumbing or electrical upgrades may qualify you for a discount on your home insurance due to reduced risk of water damage and fire. A new security system will give you better protection against theft, vandalism and intrusion, increasing the safety of your family and goods. Your Idaho Select Insurance agent can help determine if such renovations make you eligible for discounts on your insurance premium.<\/p>\n

Making improvements to your Meridian, ID home will make a more comfortable and pleasing place to live. Adding these renovations to your insurance policy gives them the protection they need.<\/p>\n","protected":false},"excerpt":{"rendered":"

Major home renovations can have an effect on your homeowner’s insurance coverage. Before renovating your property this summer, talk to your Idaho Select Insurance agent to see how a project may affect your policy. Here are a few ways in which renovations can alter your coverage. Add to Your Home’s Value Major home renovations such as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[5,9],"class_list":["post-63","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-idaho-select-insurance","tag-meridian-id"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t