Does insurance cover the renovations I do myself in my home?
Does insurance cover the renovations I do myself in my home? Some couples who own homes prefer to tackle home renovation projects independently. They revamp the pool, update kitchen cabinets, fix bathrooms, install new windows, change the flooring, or work on the garden. The reward for this family effort is significant financial savings and strengthening the couple’s commitment, “as they can remodel the nest.”
Some may hesitate to undertake these projects, thinking the law prohibits it, while others worry that their insurance won’t cover them if something goes wrong.
Suppose they have the knowledge and obtain the necessary permits. Families can renovate their property if all the improvements comply with local codes and requirements.
However, if you and your partner renovate a bathroom and, as a result, a leak damages other areas of the house, the responsibility falls on you. Typically, insurance won’t cover it. The same applies if a specialist from a remodeling company had done the work. In the latter case, the advantage is that you could file a claim against the remodeling company.
In short, most insurance contracts exclude coverage for the outcome of renovation work, whether performed by the homeowner or a specialized contractor.
It’s important to note that if you add a room or the renovation increases the home’s value, you should inform your insurance company to update the policy coverage. Does insurance cover the renovations I do myself in my home?