Homeowner’s Insurance: Do I Need More Coverage after Renovating?

Renovating or remodeling your home gives you and your family a fresh start. It can be a tremendous opportunity to bring design and architectural changes that are unique and inspired. After all, the architecture and geometry of the spaces we inhabit affect our mood and mental health.

However, while this is all fine and dandy, the expenses incurred from renovating are a major factor. Your homeowner’s insurance will come into play when you make changes. Some renovations will drive the cost up, whereas others will result in lower premiums.

Here’s how your homeowner’s insurance is affected by a renovation.

Increased Insurance Premium

New Bathroom or Kitchen

If building your dream bathroom or kitchen is on your renovation plans, you can expect to see your premiums increasing. Your insurance policy will have to account for an upgraded kitchen or bathroom, especially if you end up spending a great deal of money on it.

Extension of Living Space

If you extend your home to provide more living space, your policy will have to account for it with extra dollars per square foot. Even if you extend it to accommodate renters, you will see higher premiums.

Homeowner’s Insurance


A swimming pool increases the risk of injury, so it will increase your personal liability coverage. This will mean it will drive up your premiums because the likelihood of someone injuring themselves on your property will increase.

Decreased Insurance Premium

New Roof

A new roof may not be the choicest of renovations, but it does have the significant potential of decreasing your insurance premiums. A new roof typically strengthens your home’s infrastructure. By that account, it reduces risk and can drive your premiums down by 10 to 20 percent.

Upgraded Wiring and Pipes

Making upgraded wiring and piping part of your renovation job can drive your insurance premiums down. Installing newer water and electrical systems reduce the likelihood of accidental breakage.

Renovating your home provides the perfect opportunity to revisit your homeowner’s insurance policy and change it for a better one that provides increased coverage for lower premiums.

As a top-rated full-service insurance agency based in Springfield, MA, we provide homeowner’s with a range of affordable insurance policies that meet their needs. Our company’s Insurance consultants Springfield MA have a combined experience of over 50 years in the industry.

Get in touch with us today for more information. Call us at (413) 781-3800 for home insurance Springfield MA.