Impact of renovation on your home insurance

Renovating a home may increase the value of your home which could result in higher replacement costs in the event of a claim . As a result we may increase the premium to reflect the increased value and associated risk with the renovation. Also certain renovations like building a swimming pool or adding a fireplace increases the likelihood of accidents or damage to the property ,as a result the premium may increase . On the contrary if you install safety devices or measures like smoke detectors or cameras then there’s a high chance that you get a discount on the insurance premium. These improvements can reduce the risk of theft, fire, or other hazards, making your home less risky to insure .To ensure that your home insurance remains comprehensive and up to date, it is crucial to inform us about any renovations or changes made to your property. This will allow us to assess the impact on your coverage and make any necessary adjustments to your policy if needed