Does My Homeowners Policy Protect My Home Addition?

When you purchased the policy, your home insurance from Schneider Insurance Agency safeguarded your Gahanna, OH, home in its original state. If you build an addition to your home, this needs to be included in your home insurance package, as the initial policy only covers the house in its original condition.

Home Construction Projects

During the construction of a home addition, you need construction coverage. This ensures that your addition and the materials used are insured while the construction crew is working. It also means you have extra liability insurance to protect against any potential risks associated with having more people on the property and conducting dangerous activities.

Updating Your Homeowner’s Policy

Once construction is complete, you need to update your homeowner’s insurance policy to include the additional square footage. This usually means a new policy for your house in Gahanna, OH. Such a policy not only increases the covered square footage but also ensures any internal renovations are done, like built-in fireplaces and bookshelves or custom woodwork.

In some cases, your Schneider Insurance Agency agent may advise you to add more liability coverage, depending on the intended use of the home addition. This could apply if you are planning to have people staying in the addition full time, such as in a mother-in-law’s apartment or a bed and breakfast unit. In these instances, additional liability coverage is highly recommended.

Contact Us Today

Contact Schneider Insurance Agency and allow one of our helpful insurance agents to guide you through a home insurance review. They can help update your coverage to include new construction or renovations, thereby adequately covering the increased value of your home.