Renovation Insurance / Home Remodeling Coverage

Renovating your home can be exciting and rewarding. From increasing your property’s market value to creating energy efficiencies and updating your home to reflect your family’s lifestyle and style preferences, home renovations are a significant investment.

With so much time, money, and effort invested in a remodeling project, it’s essential to protect your home and financial investment. One of the best ways to safeguard your property during construction is through home renovation insurance, sometimes referred to as home remodeling coverage or a renovation add-on policy to your existing homeowners insurance.

What is Renovation Insurance?

Home renovation insurance is designed to provide protection for your home’s structure, building materials, and improvements during remodeling or construction. This specialized coverage ensures that your investment is protected from common risks associated with home improvement projects, such as:

Damage to building materials on-site
Accidental damage during construction
Theft of materials or supplies
Liability issues arising from the renovation process

At Generazio Associates, Inc., we work with homeowners to tailor the policy term and coverage limits based on the scope and length of your renovation project. By reviewing your planned upgrades, we can help ensure you have the right coverage for your home both during and after construction.

Does Standard Homeowners Insurance Cover Renovations?

Before starting any home remodeling project, it’s important to review your current homeowners insurance policy. While a standard policy covers many perils for your home, it often excludes coverage for renovations. Key exclusions may include:

Theft of materials or supplies while your home is under construction
Accidental damage caused during remodeling (e.g., dropping items, mechanical failure, rust, or corrosion)
Liability during construction or home improvement work
Certain natural disasters such as earthquakes or flooding
Damage from acts of war or terrorism

Because renovations typically increase the value of your home and the cost to repair or replace it, you may need to increase your homeowners policy limits or add specific renovation coverage to ensure full protection.

Additional Renovation Insurance Options

Vacant Home Insurance

If your home will be unoccupied for 30 days or more during the renovation, vacant home insurance can protect your property from theft, vandalism, and unexpected damages while you are away.

Contractor and Subcontractor Coverage

Hiring licensed contractors is essential, but it’s equally important to ensure they have proper insurance. At a minimum, contractors should carry workers’ compensation and general liability insurance. If your contractor employs subcontractors, confirm that they have adequate coverage as well. Always request a certificate of insurance from all parties involved in your renovation project.

Review Your Homeowners Policy After Renovations

Once your renovation is complete, it’s crucial to update your homeowners insurance policy. Significant home improvements—such as adding square footage, installing a swimming pool, remodeling kitchens or bathrooms, or upgrading flooring—can increase the value of your home, and your coverage limits may need to be adjusted accordingly.

By reviewing your policy post-renovation, you ensure your home is fully protected against future risks, providing peace of mind and financial security.

Why Choose Generazio Associates, Inc. for Renovation Insurance

At Generazio Associates, Inc., we help homeowners navigate the complexities of home renovation insurance and home remodeling coverage. As an independent insurance agency, we can:

Assess your renovation project and recommend the right coverage
Customize add-on policies to protect materials, structure, and liability
Coordinate with contractors to ensure all parties are properly insured
Adjust your homeowners policy after renovations to reflect increased property value
Provide competitive quotes and comprehensive coverage options

With our guidance, your home remodeling project can proceed with confidence, knowing that your investment is fully protected.

Get a Quote