If You’ve Updated Your Home, You Might Need to Update Your Home Insurance

Doing the right home renovations can improve your quality of life and increase the value of your home. Some homeowners forget to make sure their homeowner’s insurance policies are keeping pace. That can leave you in the lurch if something bad happens and you don’t have enough coverage. On the flip side, certain upgrades can actually lower your premiums. Here are a few things to consider from James Harmon Insurance Agency in Gainesville, FL.

Bathrooms, Kitchens, and Additions

If you add square footage to your home, you’ll need to update your insurance policy. The same thing goes for anything that adds value to your property. An average bathroom remodel can add $12,000 to your home’s value. A finished basement can add $48,000. A major kitchen remodel can add $40,000- to $75,000. You’ll want to check that your insurance policy covers the higher value.

Adding A Pool

Your friends and family will love the new pool and it will increase your home’s value. It also opens you up to additional liabilities.  

Fix That Roof

A roof leak can do major damage to your home. A new roof is one of the things that may lower your payments.

The Home Office

Who doesn’t want to work from home? If you spend some money to redo your home office, make sure your policy reflects it. If clients visit, you will need to make sure you’re OK if something happens. If you’ve added equipment or machinery, you want to make sure it’s covered.

Are You Covered?

If you want to make sure your homeowner’s insurance has kept up with your home’s current value, the James Harmon Insurance Agency in Gainesville, FL can help.  We have been helping homeowners in the state of Florida customize their insurance needs for more than three decades. We can help you, too! Reach out to our offices for more information.