Renovating your home in Crystal Lake, IL, can be a great way to personalize the look, ensure that it meets your family’s current needs, and update it to include the latest trends. Whenever you perform a renovation, it’s important to consider how it will impact your home insurance. The August Vincent Insurance Agency can help you every step of the way.
Projects That Can Lower Your Insurance
The moment you start a home renovation project, you should consider a few things that could lower your home insurance premiums. Anything that you do to your home that reduces the possibility of filing a claim could result in lower insurance premiums.
Here are a few ideas:
- Replace your roof
- Upgrade your electrical wiring
- Upgrade your windows
Particularly with your roof, you can look forward to a more pleasing aesthetic with new shingle colors and more. Plus, you will have a sturdier roof, making it less likely to get damaged in a storm.
Everything else may not affect curb appeal, but it will show the insurance company that you’re doing everything you can to create a safe living environment.
Projects That Can Raise Your Insurance
Just as some projects can lower your insurance, others can raise it. If you add value, square footage, or potential risks, your premiums will likely go up.
Examples include:
- Installing a pool
- Finishing your basement
- Installing solar panels
- Building an addition (such as a freestanding garage or a mother-in-law quarters)
Discuss Your Project with an Insurance Agent
While you may be eager to start a home renovation project in Crystal Lake, IL, consider how it can impact your home insurance.
Call us at August Vincent Insurance Agency today to talk to one of our friendly insurance agents. We can answer questions and help you get a policy encompassing all your new renovations.
