Speak with your agent at H. Dean Allison Insurance before you start to remodel your Altoona, PA home. The kind of coverage you need and the amount of protection could change depending on the circumstances.
What Kinds Of Home Improvements Change Your Home Value?
When you originally purchased your homeowners’ policy, your agent took the information to help value your property. When you renovate, add on, or upgrade your home, your home may increase in value. It is important to consider what kinds of changes will change the value. Here are some common changes that can add value to your home:
- Your policy will not cover wear and tear, but it will cover damage if a falling tree damages your HVAC system and/or ductwork. This also applies to central air or individual cooling units.
- One common way that people significantly increase the value of their homes is by finishing attics, basements, or garages. This can add value because it increases the amount of living space.
- Hot tubs and swimming pools can add value but also carry their own concerns with potential liability.
- Deck replacements and landscaping can significantly improve your home’s look and usability.
- Outside structures and sheds can add value, as can a new roof.
You May Need Additional Protection If Your Home Is Vacant During Renovations
If renovations are extensive, your home may be vacant for a period of time. Even if the house is not vacant, the activity may make your home a target of vandals and thieves. You may want to consider adding protection in case of those events.
Schedule A Consultation Today
Protect your Altoona, PA home even during home improvements. If you want to discuss options about additional protection, or if you just have questions, please feel free to call H. Dean Allison Insurance today.
