Remodeling your Home?

Are you adequately prepared to remodel your home?

Warm weather is the perfect time for home remodeling projects. Building an office, bedroom or an extra bay in your garage are all great ways of modifying your home to suit your growing personal needs.

As you add to your home; however, talk with Century Insurance Agency to make sure you are still adequately insured so you’re fully protected against a covered loss. Depending on the addition or improvement, you may need to increase your level of coverage. 

Some homeowners may be tempted to save five or ten dollars a month by not informing their insurance companies about the changes they’ve made. That approach can have severe financial consequences if you have a large fire or other major loss. You could find yourself on the hook for tens of thousands of dollars—all to save a few dollars in the short run.

The following tips could help you adequately insure your remodeled home so you can avoid one of the common pitfalls of home improvement projects:

  • If you’ve recently remodeled your home or built an addition, contact your independent agent immediately to determine if you need to increase or change your coverage.
  •  If you’re planning a remodeling project, contact your independent agent before construction begins. If your new addition is damaged or destroyed before the new coverage starts, you may be responsible for the repairs and rebuilding costs.
  • Make sure the contractor is properly insured, bonded and registered through the Department of Labor & Industries. Ask the contractor to show you copies of the bond. You also can check if the contractor has any complaints filed against it by looking online at http://www.lni.wa.gov.
  •  Check references to verify the quality of the contractor’s work. To find a reputable contractor, check with your local homebuilders association.
  • If you buy additional items such as furniture, exercise equipment and electronics, you may need to increase your coverage for personal possessions. Talk with Century Insurance Agency.  Keep the receipts, take pictures of the new items and keep them with your home inventory.

Water Claims on your Home Insurance

Home insurance claims can be categorized in a few groups similar to auto insurance.  Some risks are so prevalent that they are a category unto themselves. Lets talk Water claims on your Home Insurance Policy.  Water is usually covered if it is sudden and accidental.  Such as:

Bursting of a household water pipeline

Shingles blow off and the rain damages the interior

Some claims that are not covered are Flood, which is defined as surface water or overflow of a body of water including wind driven water. Also ground water that exerts pressure on a foundation.  

Sump pump failure is an optional coverage that may be very helpful if you rely on a basement sump pump to control ground water around your home.  

Second Leading Source of Water Claims is Toilet Failure.  The average claim is $5584.00 after deductible.  

Deferred Maintenance is NOT covered.  If you have a leaky toilet seal.  Fix it.   These can be large claims and will usually NOT be covered.  Home Insurance policies are not maintenance policies.  Your policy covers specific losses as spelled out in the contract and are typically sudden and accidental in nature.  

Consider periodically changing out the flexible supply lines that feed your toilet and sinks as well as clothes washer.  Choose sturdy stainless steel Hoses.  

Water losses can be health concerns due to mold growth.  At CENTURY INSURANCE AGENCY we take water losses very serious.  We want your claims to be covered and if they are excluded losses in the policy practice prevention.

If you would like to review your Home Insurance or Auto Insurance coverage please call. Our professional agents want to speak with you,  509-924-4424 or email Century Insurance Agency at info@centuryinsuranceagency.com