It is a good time to get a home insurance review when you begin planning a room addition to the home. Let your agent at Vargas & Vargas Insurance, serving Dorchester, MA and the surrounding area, know what you are planning so that there are no gaps in the home insurance coverage.
Your agent can also review the insurance coverage that is carried by the contractor you select to do the work. This is a good double-check to make sure the contractor is carrying adequate insurance and the insurance policies are active.
You want to think about replacement cost coverage if you do not already have it. The cost of construction keeps going up. If you only insure the home for its purchased value, you may not have enough money to rebuild the home if everything is lost. The vast majority of homes are underinsured. Don’t make this mistake. Having to come up with a large amount of money, when you are already experiencing a major disaster, is very difficult.
Home insurance, during the construction of the room addition, can be adjusted to cover the progress of the job. Make sure there is a discussion of where and how any building materials will be stored and who is responsible if they get stolen.
The contractor’s insurance should cover any workers; however, your home insurance needs to protect your family and any guests that come to visit. There are extras risks when a construction project is underway to those who are on the job site. In this case, the job site will be your home.
Contact your agent at Vargas & Vargas Insurance in Dorchester, MA to have a home insurance review and to make plans for the necessary home insurance upgrades that will provide adequate protection for your new room addition as well as your home.
