If you’re doing some renovations in your home, your home insurance policy may offer some limited protection for lost building materials, but it’s unlikely that you’re going to take the time to add every 2×4 and box of screws to your inventory for small projects, and even less likely that you’re going to be willing to file a home insurance claim on thirty dollars worth of lumber you were using to rebuild a window frame.
What you’re going to want to consider instead is asking your home insurer about renovation insurance, or "dwelling under construction insurance." This is an additional policy that you can buy from the insurance provider that will protect you against many of the risks you’re going to face as a homeowner while remodeling your home. That’s going to include common hazards that can take place during construction, as well as any building materials and tools that may be lost or damaged over the course of the project.
Of course, insurance always comes down to what you’re comfortable replacing yourself. If you’re doing small renovations, it might be wiser to simply not worry about it. It’s not hard for most homeowners to replace a single window and some hand tools out of pocket. When you have a much larger project though, adding a whole new bedroom, completely remodeling the bathroom, that’s when you’re going to be glad that you invested in renovation insurance.
If you’re looking to get covered in West Bloomfield, MI, get in touch with Phil Klein Insurance Group. At Phil Klein Insurance Group we can compare quotes from several insurance companies to get West Bloomfield, MI homeowners the protection they need.