{"id":116,"date":"2025-09-30T04:00:00","date_gmt":"2025-09-30T10:00:00","guid":{"rendered":"https:\/\/www.caprettainsurance.com\/blog\/?p=116"},"modified":"2025-09-21T21:09:43","modified_gmt":"2025-09-22T03:09:43","slug":"do-you-need-to-tell-home-insurance-companies-about-a-remodel","status":"publish","type":"post","link":"https:\/\/www.caprettainsurance.com\/blog\/do-you-need-to-tell-home-insurance-companies-about-a-remodel\/","title":{"rendered":"Do You Need To Tell Home Insurance Companies About A Remodel?"},"content":{"rendered":"

Finally completing your remodel can be an exciting milestone, especially if you’ve added a living space that your entire family can enjoy. However, it’s crucial to contact your insurance company to ensure your policy reflects the changes. Here are a few reasons why speaking with an agent in Parma, OH, is important.<\/p>\n

Possible High-Risk Additions<\/h2>\n

Some additions are considered high-risk because they are more likely to cause accidents. Examples include trampolines, pools, and wood-burning stoves. These amenities may lead to higher monthly premiums or even exclusions from your policy.<\/p>\n

If you fail to notify your insurance company about certain high-risk features, you may face denied claims in the event of an incident. An agent at Capretta Insurance Agency can help you understand how these amenities might impact your policy and premiums.<\/p>\n

Replacement Cost<\/h2>\n

Your insurance policy is designed to cover the replacement of items lost during a covered peril. For instance, if your home is damaged or destroyed in a fire, your policy should provide enough coverage to restore it to its previous condition.<\/p>\n

Remodeling often increases your home’s value and replacement cost. If you don’t inform your insurance company about the renovation, you may not have sufficient coverage in the event of a disaster. This could leave you without the funds needed to replace the remodeled area. To avoid this, it’s best to consult with an agent to ensure your coverage is adequate.<\/p>\n

Minor Remodels<\/h2>\n

Most minor remodels don’t require you to contact your insurance company. For example, finishing a basement that meets all safety regulations typically won’t increase your premium, as it doesn’t involve high-risk amenities. Additionally, the replacement cost may not significantly increase if the changes are minimal, such as adding drywall.<\/p>\n

Still, it’s always a good idea to check with an agent at Capretta Insurance Agency to confirm whether your renovation impacts your policy or premiums. Contact us today to learn more. We proudly serve the Parma, OH, area.<\/p>\n","protected":false},"excerpt":{"rendered":"

Finally completing your remodel can be an exciting milestone, especially if you’ve added a living space that your entire family can enjoy. However, it’s crucial to contact your insurance company to ensure your policy reflects the changes. Here are a few reasons why speaking with an agent in Parma, OH, is important. Possible High-Risk Additions […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[7,21,19,6],"class_list":["post-116","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-capretta-insurance-agency","tag-home","tag-insurance","tag-parma-oh"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t