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Thinking of renovating your Cumming, GA, condo? Before you update your condo’s interior, contact your Wichalonis Insurance Agency insurance agent to add the builder’s risk coverage while you renovate. This important temporary coverage helps you protect yourself against liability and covers your building materials.
Renovations and Your Condo Insurance
Any renovator you hire should carry their own contractor’s insurance, but you need to add builder’s risk insurance to protect yourself and your home. It covers things the contractor’s policy doesn’t, such as your building materials and liability arising from their delivery or guest or family member injuries occurring during the construction/renovation process. Your contractor’s policy covers liability incurred by injuries to their crew. Your insurance covers your family members if you let them enter the construction area, and they get injured.
After Renovating Your Condo
Once you finish your renovations, revisit your policy with your insurance agent. Their quote helps you revalue your condo and adjust your coverage to cover your home’s upgraded value fully. The condo policy you purchase when you buy your condo doesn’t cover any of the changes you make to the condo. When you increase the value of your condo, you also need to increase the amount your insurance covers. This may mean a simple increase in the coverage amount or scheduling specific items, such as a gazebo added to your yard, a retractable awning added to your balcony, or built-in bookcases in the interior.
Contact Wichalonis Insurance Agency Today
Phone or email Wichalonis Insurance Agency to update the condo policy covering your Cumming, GA, condo. Don’t start renovating before you obtain proper insurance coverage.
