Summer in Massachusetts is prime time for home improvement projects. Whether you're repainting your home's exterior, replacing the roof, adding on, or constructing a new patio, a home improvement project can not only beautify your home and add to its overall comfort, but also significantly increase its value. Don't undermine your considerable efforts by failing to get the proper insurance, or you may end up having to fork out much more than you planned in the event of an accident.
Take a look at your homeowner's insurance policy to decide whether you need to increase your coverage. Make sure that your policy will cover the cost of repairs and/or rebuilding in the event that your home is damaged during any improvement projects.
Most homeowners' insurance policies provide $100,000 in liability coverage and $25,000 in property damage coverage. You may want to increase this coverage, or consider purchasing umbrella insurance that will kick in to cover what your current homeowners' insurance policy does not. Talk to your insurance provider about whether either of these options is right for you.
There's a good chance of this happening, so talk with your insurance provider about it before beginning a home improvement project. It's good to know ahead of time if you can expect an increase in your premiums as a consequence of your beautified home.
Always make certain that your contractor has the right types of insurance policies in place before beginning any work on your home. You have the right to ask for written proof of your contractor's insurance policy, and to contact his or her insurance provider directly should you have any questions or doubts.
Verify that your contractor offers a warranty on the work he or she does on your home. Typically, a contractor can provide you with a written warranty promising that either the contractor or his or her insurance will back the workmanship and materials that went into your home improvement project for at least one year.
Contact Harrington Insurance today to discuss coverage before you start your next home improvement project.