When do I need to notify my insurance company about my home remodel?

At what point do I need to update my insurance policy? I am doing a total gut job on the ground floor of my house. There will be updated plumbing, kitchen and bathroom fixtures–the works! It will take a few months to complete. Do I notify my insurance before or after the work is completed?

Answer
“It is important to contact your insurance company both before the renovation starts and after it is complete.
In cases where the home is being renovated to this extent, your insurance carrier will want a builder’s risk policy in place if your contractor does not yet carry one. This policy will provide liability coverage if someone is injured and protects people from perils like theft and vandalism while the home is under construction.
Make sure your insurance company is aware of what new updates are being installed, along with how much they cost. The best way is to keep a copy of the following items for your records, such as:
  • Receipts for any new appliances
  • Receipts for any new fixtures
  • Receipts for high-end materials
  • Paperwork from the contractor showing hours of labor
  • Before and after photos
Once the work nears completion, contact your insurance agent to let them know. They may send an inspector to re-evaluate your home and ensure the new updates are adequately covered.
Any time you have life changes is a great time to shop for both your home and auto insurance policies. By bundling both your auto and home insurance together, you can save on both policies with a multi-line discount.
Use the free Jerry app to help make this happen! Jerry collects auto and home quotes from over 50 companies and brings the lowest available rates right to your phone.”
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Shannon Martin
Answered on Jul 27, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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