I have done renovations and improvements. Will my insurance coverage these upgrades

If you’re a homeowner, you’ve probably heard a lot about how much a home improvement can enhance the value of your home. The increase in value a home improvement can bring is great for resale, refinancing or even getting a home equity loan. What people sometimes don’t realize, though, is that home improvements have an impact on your overall insurance picture, as well.

The good news is that renovations and home improvements will normally be covered by your insurance. The bad news is that they will usually only be covered if your insurance company knows about them. Minor remodeling work is often covered by homeowners insurance policies, but bigger projects are not without notification. Basically, if the renovations are significant enough to affect the value of your home, you should notify your insurance agent so that they can adjust the value of your policy to reflect the changes. Here’s the second piece of bad news–as the value of your policy goes up, so does your premium, so a home improvement might cost you a bit more than you think.

Home improvements make your home more comfortable to live in and they can make the home worth more money, too. The trick is to keep your insurance company informed when improvements take place so that your coverage is sufficient to cover the new value of your home. If you have questions about homeowners insurance or if you would just like to visit our website to compare quotes, we are the independent agent who can get you the information you need to make the right decisions about coverage for your home.

Does my premium decrease in line with the value of my vehicle?

As a vehicle ages, its value also tends to decrease over time. This decrease, commonly known as depreciation, affects the vast majority of vehicles the moment they roll off the dealership’s lot. It’s only when a car becomes a classic or is becomes desirable enough for its value to remain steady or, in many cases, actually increase. Otherwise, your car’s value will continue to increase until it hits the bottom of its depreciation curve.

Your insurance provider usually relies on a complex formula to estimate the cost of insuring your vehicle, factoring key information such as a driver’s age, marital status, income and location to produce to figure out premiums. Although vehicle age is considered a factor, that doesn’t mean that your premiums will decrease as your vehicle ages.

One reason that your premiums may not decrease with age may be due to the cost of repairing your vehicle, which may not decrease as your car ages. This is true with vehicles made from advanced materials or fitted with high-tech gadgets. As your car continues to depreciate in value, it may become easier for you to handle the costs of replacement or repair out of pocket. For this reason, you may be able to reduce your insurance costs by a significant amount by eliminating collision coverage as your car ages.

If you’re facing a premium-increase and want to know more about how to make your current auto insurance more affordable, speaking to one of our independent agents may help you get the answers you need. If you’re looking for a new provider, don’t forget that you can also compare quotes online with multiple carriers to find the best and most affordable policy available.

I rent a home, why would I need insurance?

Many individuals believe that when they rent a home, the landlord or owner’s property insurance covers them. Unfortunately, this is not true and renters need to have a policy of their own for protection.

Personal Possessions

You need to protect your belongings from the normal perils including fire, theft and storm damage. You can choose the limits you want and select a deductible that meets your financial needs. You will also need to choose between a cash value or replacement cost policy. In most cases, the higher your deductible on a cash value policy, the lower your premiums. If you have expensive jewelry or art collections, make sure you have the full coverage required for these items.


If someone is injured in your rental home, you can be held responsible. Most rental policies include liability insurance and medical payments for anyone injured. Take the time to check out the protection limits and add additional coverage if you need. Also, keep in mind that not all polices automatically cover dog bites. If you own a dog, you need to make sure you have liability protection. Most insurers will ask before a policy is issued, but it is better to avoid any surprises.

Alternate Accommodations

When you rent a home, the owner has protection in the event the structure is destroyed by any covered peril. However, in the event that you can no longer live in the rental property, your rental policy can help pay for your additional expenses. You do need to check if this protection is included, not all policies provide this.

Do not get caught without the protection you need. Rental policies are affordable and we can help you get quotes to compare online. We will be happy to assist you with any questions so you can feel confident about the policy you choose.

If I am adding a new room to my home, will I be covered for damage to the new building?

Adding a new room to your house in Rockville, MD may mean that you are taking certain risks with your property. Depending on your policy and the situation, you may need to purchase additional insurance to protect your property and the new room while it is being built.

Insurer Details

Every insurer has a different method of determining your coverage. In some cases, you may be covered for the addition to your house, but there may also be limitations on the items that you may claim. For example, an addition that leaves an open space for individuals to walk into your house may mean that any theft or stolen items will not be covered until after the addition is completed and your home is secure. Similarly, you may not have coverage for damages to the addition until after the room is added and finished.

Insurers offer different options, so it may be possible to add to a policy if you do not already have protection for that room.

Identifying Your Coverage

Since insurers have different methods of determining when your coverage will apply to a particular situation, it may be necessary to read and evaluate your current plan before you move forward with the building project.

Adding a new room to your house may void your insurance or it might result in a short period of time when most of your coverage does not apply. Some insurers may still protect against fires and similar damages, but might not cover other concerns.

Insurance policies for your home can have a variety of different details and options. Contact us to speak to an agent to learn more about protecting your property during a renovation.