Spring Repairs And Renovations? Including Improvements In Homeowner’s Property Insurance
Summer seems far away but spring will be here before you know it. This is the time of year when many homeowners consider renovations and repairs they will make in the months ahead. Providing routine maintenance and making improvements increases property value. Protect your investment by including these in your homeowner insurance policy, so that they are covered in a property damage claim.
Are Spring Repairs and Renovations On Your To Do List?
Planning spring home improvement projects can help pass the time in the winter months. There are any number of indoor or outdoor projects you can undertake, but put basic maintenance tasks at the top of the list.
Not making timely repairs decreases value and can cause additional damage. It can also impact your rights in filing a homeowner’s property damage claim, preventing you from being compensated for losses that would have otherwise been covered. The first step is to conduct a thorough property inspection. This should include:
- Roofing structure and materials;
- Exterior walls and siding;
- Doors and windows;
- Crawl spaces;
- Plumbing and electrical systems;
- Outdoor fixtures and landscaping.
Make a list of any damages and maintenance tasks needed. Also consider if there are renovations you want to make. The U.S. Department of Housing and Development (HUD) provides a list of resources for Florida residents. These can help offset the costs of both repairs and home improvements.
Make Sure Repairs and Renovations Are Included In Your Homeowners Coverage
When performing maintenance or making repairs and doing renovations, review your homeowner’s insurance coverage first. Once you are finished, consider whether you need to make adjustments to your policy to ensure you are protected.
The Insurance Information Institute (III) advises that all homeowners should create a thorough home inventory when taking out property damage coverage and make sure to update it regularly. This can help ensure you are covered for losses and provides a handy reference if you do need to file a claim. Items that should be added to this list include:
- Any purchases made over the prior year: Did you update home furnishings, replace siding, or refresh your landscaping? Keep receipts and note the costs on your inventory.
- Any supplies used in making repairs: Include statements and/or receipts that reflect the cost of tools, materials, and labor.
- Any property renovations/restorations: Include all costs associated with any projects undertaken, the names of contractors used, why you undertook the project, and the amount of value it added to your property.
Our Daytona Beach Property Damage Claims Attorneys Help You Protect Your Home
Routine maintenance and improvements around your home are a good investment, but you want to be sure your homeowner’s insurance reflects your efforts. At Bundza & Rodriguez, we protect you and the money you put into your property when damages and losses happen. To discuss your rights in filing a claim, call or contact our Daytona Beach home property damage claims attorneys online and request a consultation today.
