{"id":997,"date":"2015-07-28T20:00:17","date_gmt":"2015-07-29T00:00:17","guid":{"rendered":"https:\/\/new.greatflorida.com\/blog\/?p=997"},"modified":"2026-04-16T21:29:09","modified_gmt":"2026-04-17T01:29:09","slug":"renovations-can-change-your-home-insurance","status":"publish","type":"post","link":"https:\/\/www.greatflorida.com\/blog\/2015\/renovations-can-change-your-home-insurance\/","title":{"rendered":"Renovations Can Change Your Home Insurance"},"content":{"rendered":"

\"FloridaRenovations can take your dwelling from cramped and outdated, to spacious and modern. Renovations in 2014 continued to rebound in Florida, according to Renovation Magazine\u2019s annual, \u201cCost vs. Value Report<\/a>.\u201d An escalation in remodeling means a surge in home property values.<\/p>\n

\u201cHome renovations will most likely boost a home\u2019s value. If that happens your newly renovated home could be inadequately insured, says Dustyn Shroff<\/a>, Vice President of GreatFlorida Insurance<\/a>.<\/p>\n

Homeowner\u2019s insurance <\/a>offers compensation for damage, loss or injury to individuals, your property, home and belongings. \u00a0The amount of homeowner\u2019s insurance<\/a> required is determined in part on the value of your home.<\/p>\n

Let\u2019s say you upgrade your kitchen and replace your laminate countertops with quartz and install custom cabinets. Your existing home insurance<\/a> might not be sufficient to replace your new items if they are damaged.<\/p>\n

Most likely your home insurance premiums will increase as you upgrade or create more livable space in your home. Remodeling doesn\u2019t always mean an increase. Some renovations such as window and door replacements<\/a>, roof replacement, the addition of a security system or upgrades in plumbing or electrical can make you eligible for lower premiums or discounts depending on your coverage.<\/p>\n

Call your insurance agent<\/a> before construction begins. This will this give you an opportunity to discuss potential changes in your home insurance policy<\/a>, allow you to protect your investment throughout the process and extend liability while work is done on your home, further protecting you.<\/p>\n

Before work starts, a contractor should provide you with a Certificate of Insurance to prove they have adequate worker\u2019s compensation coverage<\/a>and liability insurance<\/a> should an accident or burglary occur during the job. Check all subcontractor\u2019s such as electricians, painters and plumbers as well and verify that their coverage is current.<\/p>\n

All renovations should pass the proper inspections and meet local codes.<\/p>\n

Popular home renovations that will change your home insurance include, but are not limited to the following.<\/p>\n

Pool\/ Hot tub<\/strong>\u2013 many residents in Florida have a pool or spa in their yard. Home insurance liability will increase to cover medical expenses if someone is injured while swimming and legal expenses if you are sued. Your insurance company might require you to place a fence around your pool for safety.<\/p>\n

Home office<\/strong>\u2013 if your new business plan requires the use of machinery, keeping an inventory, or generates visitors, an additional business policy or policy amendment might need to be added to your home insurance<\/a>.<\/p>\n

Room addition<\/strong>\u2013 homeowner\u2019s insurance <\/a>factors in livable square footage to the price. Also, basements can be flood prone and might require additional water coverage. If you take on tenants, landlord coverage could be required.<\/p>\n

Your home is more than an investment- it is where your life happens. \u00a0GreatFlorida Insurance<\/a>offers home insurance to protect your dwelling, belongings and family. Call us today for a free quote<\/a>.<\/p>\n

\"adding-value-home-infographic\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Renovations can take your dwelling from cramped and outdated, to spacious and modern. Renovations in 2014 continued to rebound in Florida, according to Renovation Magazine\u2019s annual, \u201cCost vs. Value Report.\u201d An escalation in remodeling means a surge in home property values. \u201cHome renovations will most likely boost a home\u2019s value. If that happens your newly […]<\/p>\n","protected":false},"author":1219,"featured_media":1002,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-997","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-homeowners-insurance"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/users\/1219"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/comments?post=997"}],"version-history":[{"count":1,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/997\/revisions"}],"predecessor-version":[{"id":13942,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/997\/revisions\/13942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/media\/1002"}],"wp:attachment":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/media?parent=997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/categories?post=997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/tags?post=997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}