Inform Your Insurance Agent About Any Planned Home Improvements




Spring is coming soon and with it the urge to start home improvement projects. Whether you plan to do it yourself or hire a contractor, home improvements can increase the curb appeal of your house, help protect you against the elements, and make staying at home more enjoyable. Bogle Agency Insurance has always been ready to discuss ways to balance Homeowners Insurance & Home Improvements for their NJ clients.

Even small home improvement projects can increase the value of your house. Never underestimate the appeal of a few upgrades to the appearance and overall condition of your home. With this comes increased value. If you are planning home improvements let your insurance agent know so that you can discuss raising the Homeowners Insurance coverage. 

When Your Home Value Increases So Should Your Protection

When you undertake home improvements and the value of your home increases, you should consider raising the coverage of your Homeowners Insurance. This type of insurance is meant to cover damage to your home due to unexpected events such as floods, fires, lightning strikes, etc. When you upgrade your home, your insurance coverage should reflect the increased value. Without an increase in your Homeowners Insurance, you may receive a smaller payout in the event of a total loss.

Do Small Projects Increase the Value of My Home?

You may feel that you are only undertaking a small improvement and that it won’t affect the value of your home. Not always true – depending upon your location small improvements may be essential to potential buyers. This means that the overall value of your home may increase based upon the local market.

Increased value isn’t the only reason you should contact your insurance agent. The installation of a swimming pool, for instance, can increase the risk factor. Even though putting in a pool may increase the value of your home, it also increases the liability risk. Increasing your home’s liability coverage is a good idea.

Does Home Improvement Always Increase the cost of Homeowners Insurance?

Not necessarily, and that’s why it is important to discuss home improvements with your Insurance Agent. An experienced and knowledgeable agent such as Bogle Agency Insurance is always available to advise you on what changes will save you money, increase the value of your home and decrease liability. A new roof or new heating system can help to decrease your insurance premium, while building an addition may increase your premium.

For Further Sound Advice Call The Experts

When planning future home improvements call Bogle Agency Insurance today. We have been helping New Jersey homeowners for many years to improve insurance coverage while increasing their home values. Our goal is to save you money, provide the best coverage, and raise the value of your home. We can be reached at (201) 939-1076.

Bogle Agency Insurance is also experienced in discussing Business Insurance, Health Insurance, Life Insurance, Automobile Insurance, Umbrella Insurance and any other coverage you may require.