Kitchen and Bathroom Renovations: How do they affect your insurance? Spending on kitchen and bathroom remodels in the US saw a significant increase of 19% in 2022, reaching an impressive total of $199 billion.
This rise is partly attributed to a 21% increase in expenses related to new construction kitchens and bathrooms and a 16% surge in kitchen and bathroom remodels. This substantial market shift reflects homeowners’ importance on these areas in their homes.
Investing in kitchen and bathroom renovations enhances the value and appeal of your property and improves your family’s quality of life.
Having well-equipped and modernized kitchens and bathrooms is essential since everyday life unfolds in these spaces. Typically, the kitchen is the heart of the home, where family and friends gather to share meals and conversations. Bathrooms, on the other hand, provide a space for relaxation and rejuvenation.
If you’re planning to renovate your kitchen or bathroom, in addition to focusing on aesthetics and comfort, paying attention to electrical and plumbing systems is crucial. Work with experienced contractors to ensure the renovation is done safely and efficiently. Once the work is completed, reviewing your homeowner’s insurance is advisable. Often, home improvements may be outside your current policy. Adjusting your insurance to include them is crucial to protect your investment.
Also, remember to comply with your city’s codes and regulations to ensure the safety and integrity of your home.
Kitchen and bathroom renovations are a wise and necessary investment, but remember to protect them adequately with updated homeowner’s insurance. If you have any doubts about this, call Univista Insurance, and their insurance specialists will guide you on safeguarding your home better and the investment you’ve just made. Kitchen and Bathroom Renovations: Kitchen and Bathroom Renovations: How do they affect your insurance?
Feel free to call us today for a comprehensive assessment at (305) 267-7138. You can also get a free quote here.
