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South Florida Homeowners – Can a Renovation Affect Your Homeowners Insurance Policy?

Renovating a home can be an exciting time for homeowners, planning out all of the details that will make your home new again.  The focus on a home renovation is to improve the home to the homeowner’s liking, and wait patiently until the projects are complete.  Of course, any homeowner who has gone through the renovation process will tell you that renovations do not come without stress.  Unexpected surprises can be discovered once you open the walls.  Pipes can burst during the renovation process from faulty work, simple mistakes, or acts of God.  The stressors can be endless, but homeowners still take the risk, and often are happy with the result at the end of the day.  One stressor that many homeowners may not be aware of is that renovations can have a significant impact on their homeowners’ insurance policy.

Our Miami insurance claims lawyers have helped numerous clients who have been wronged by their insurance companies, denying claims that should be covered as part of a homeowner’s insurance policy.  This is an unfortunate fact of having insurance, as it is always in the best interests of an insurance company to keep costs down and pay as little as possible.  When homeowners are not prepared to fight back, they can be taken advantage of.  As such, we help our clients understand every possible thing that can affect their insurance policies, such as renovations, and what steps to take to protect themselves from wrongful denials of claims.

Top Renovations that Can Affect Your Homeowners Insurance Policy

Renovations can affect your homeowners insurance for a variety of reasons.  Examples of renovations that have an impact on your homeowners insurance policy include, but are not limited to, the following:

  • Getting a new roof – whether your roof is damaged by wind, rain, or hail, or it’s simply time for a new roof, your homeowners insurance policy may need to be adjusted to ensure your new roof will be covered by your policy.
  • Getting a new pool – when homeowners install a new pool, a significant change has been made to the home. The existing homeowners policy makes no mention of a pool, and in order to protect your property from damage in the future, it is important to make sure your insurance policy takes into account that you now have a pool.
  • Creating a home office – working from home has become more and more popular as homeowners find it convenient to make a living from the comfort of their own home. However, when having a business from home, your current insurance policy will not cover business assets that could suffer damage from bad weather, or other unexpected damage to the home.
  • Extending your home – making a new addition to a home increases the overall square footage which is not outline in your current homeowners insurance policy. To have coverage, the policy will have to take into consideration the new space that has altered the home.
  • Updating your kitchen or bathrooms – the most expensive renovations for some homeowners end up being kitchens and bathrooms, as plumbing, electrical, and gas lines come into play. This places your home at risk for damage, and if your homeowners insurance policy does not provide coverage, you may not be able to ultimately complete the renovation.

Don’t let a renovation ruin your home and your wallet.  Allow a legal professional to help you get on the right track to ensure your renovated home is protected by your homeowners insurance policy.

Contact the Miami Insurance Claims Attorneys of Greenberg, Stone & Urbano Today to Schedule Your Free Consultation!

Home renovations are undoubtedly stressful, but the end result can be rewarding.  Additionally, there are situations where homeowners insurance may come into play, effectively stalling your goals of renovating your home.  Regardless of what type of homeowners insurance claims matter you may be facing, it is a good idea to consult with an attorney who knows exactly where you are coming from.  With more than 130 years of combined professional experience, the South Florida Insurance Claims Attorneys of Greenberg, Stone & Urbano continue to provide superior legal representation to homeowners from all across Miami and the rest of South Florida.  Our law firm has received an AV rating from Martindale Hubbell, and has been named as a top South Florida Law Firm by the Miami Herald.  With the necessary resources, dedication, and qualifications, our attorneys will provide you with the guidance you need and deserve.  To schedule your free consultation to speak with one of our attorneys, contact Greenberg, Stone & Urbano today by calling (888) 499-9700 or (305) 595-2400.  You may also contact us online by visiting our website.

Source:           

http://www.bankrate.com/finance/insurance/renovations-home-insurance-1.aspx

 

 

 

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