Most homeowners make upgrades to their home from time to time to make it a more functional and pleasant environment in which to live. Many, however, fail to upgrade their home insurance to protect the improvements they’ve made. If you’re planning on remodeling your home in South Jordan, UT in the New Year, it’s important you talk to your Mountain West Insurance Inc. agent to see how your projects will affect your coverage. Here are a few ways in which home improvements can change insurance coverage or costs.
Increase Home Value
Major home upgrades such as a new roof, kitchen remodel or adding a bathroom or patio can substantially increase the value of your home. If you insured your home for a certain amount before remodeling, you’d need to update your insurance to cover these projects and the increase in home value. You don’t want to discover that you have insufficient dwelling coverage in the middle of a disaster.
Reduce Insurance Cost
Home improvements that increase your home’s energy efficiency or security could qualify you for discounts on your home insurance. These include installing a home security system, replacing old windows with energy efficient designs, adding insulation to roof or walls, or investing in smart technology. These improvements will also add value to your South Jordan, UT property.
If home renovations are in the picture for 2019, talk to an agent from Mountain West Insurance Inc. to see how these projects will affect your home insurance. We’ll review your policy with you and discuss upgrades that will improve your coverage. At the same time, we can add gifts or purchases you may have made last year to your personal belongings coverage. Upgrading your home insurance will ensure you are well protected against any eventuality.