Renovating your home is an exciting journey, whether you're upgrading your kitchen in Tempe , adding a new room in Phoenix , or modernizing your property in Chandler. However, many homeowners overlook the crucial step of updating their insurance policy to reflect these changes. Let’s explore how renovations impact your insurance and why keeping your coverage up to date is essential.

Renovations can increase your home's value, enhance its functionality, and sometimes even reduce certain risks. However, these updates often affect your insurance needs in the following ways:

Increased Home Value: Major renovations, such as adding square footage or high-end upgrades, increase the replacement cost of your home. Your policy should reflect this higher value. Liability Considerations: During renovations, contractors and workers may be on-site, increasing potential liability risks. New Materials and Systems: Upgrades like a modern HVAC system or solar panels may reduce risks but require specialized coverage.

Some of the most common renovations that may require an insurance review include:

Kitchen Remodels: High-end appliances and custom cabinetry increase your home's value. Bathroom Upgrades: Spa-like features such as soaking tubs or heated floors add luxury and value. Additions: Whether it’s a new bedroom or a sunroom, any expansion of square footage impacts your policy. Roof Replacement : A new roof often qualifies for discounts due to improved durability. Pools and Decks: These amenities enhance your home’s appeal but also increase liability risks.

Inform Your Insurance Agent : Notify your agent of your renovation plans to discuss any changes needed in your coverage. Review Your Policy : Ensure your policy covers the full value of your home post-renovation. Add Builder's Risk Insurance: For large-scale projects, this coverage protects against damage during construction. Document Your Upgrades: Keep receipts, contracts, and photos of the renovation for accurate valuation.

Adequate Coverage: Protect your investment by ensuring your home is insured for its current value. Potential Discounts : Energy-efficient upgrades or safer building materials may qualify for premium reductions. Liability Protection: Minimize risks associated with construction or new amenities like a pool.

At Riseson Insurance , we understand the unique needs of homeowners across Tempe, Phoenix, Scottsdale , Tucson , Gilbert , and Chandler. Our team helps you navigate the insurance implications of your renovations, so you can focus on creating your dream home.

Reach out to Riseson Insurance in Tempe at 602-460-5470 for a personalized policy review and quote.

Why Renovations Affect Your Insurance

Renovation Projects That Impact Insurance

Steps to Update Your Insurance

Benefits of Updating Your Insurance After Renovations

Why Choose Riseson Insurance?

1. Increased Home Value: Major renovations, such as adding square footage or high-end upgrades, increase the replacement cost of your home. Your policy should reflect this higher value.
2. Liability Considerations: During renovations, contractors and workers may be on-site, increasing potential liability risks.
3. New Materials and Systems: Upgrades like a modern HVAC system or solar panels may reduce risks but require specialized coverage.

• Kitchen Remodels: High-end appliances and custom cabinetry increase your home's value.
• Bathroom Upgrades: Spa-like features such as soaking tubs or heated floors add luxury and value.
• Additions: Whether it’s a new bedroom or a sunroom, any expansion of square footage impacts your policy.
• Roof Replacement : A new roof often qualifies for discounts due to improved durability.
• Pools and Decks: These amenities enhance your home’s appeal but also increase liability risks.

1. Inform Your Insurance Agent : Notify your agent of your renovation plans to discuss any changes needed in your coverage.
2. Review Your Policy : Ensure your policy covers the full value of your home post-renovation.
3. Add Builder's Risk Insurance: For large-scale projects, this coverage protects against damage during construction.
4. Document Your Upgrades: Keep receipts, contracts, and photos of the renovation for accurate valuation.

• Adequate Coverage: Protect your investment by ensuring your home is insured for its current value.
• Potential Discounts : Energy-efficient upgrades or safer building materials may qualify for premium reductions.
• Liability Protection: Minimize risks associated with construction or new amenities like a pool.