Do I Need to Phone My Insurance Broker Before Renovating?
According to Cam Clay of Alpine Insurance in Alberta, it is a good idea to check with your insurance broker before you renovate your home or condo. Cam recommends contacting your insurance broker to determine if you are properly protected in case your home gets damaged or someone gets injured while working on your property. Your Alpine broker will ensure you have adequate liability to cover the number of workers on your property throughout the project.
An additional recommendation from Mr. Clay is to make sure you hire contractors carefully. Contractors should be licensed and have proper liability insurance covering the type of work they will be performing. Homeowners should ask about whether or not the contractor’s employees are covered by Workers Compensation. Cam has seen situations where a contractor has not had the proper insurance and a loss has occurred. This can lead to a long and complicated claims process for the homeowner.
After your renovation is complete, your Westland broker can work with you to determine if your policy limits should be adjusted. It is important that your policy covers the cost of rebuilding your property and all upgrades should be included in the overall cost. Renovating can be a stressful time and the brokers at Westland Insurance are here to ensure you are covered during and after your home or condo renovation.
Find out more about the implications of remodellingyour house and your individual policy at Alpine Insurance.
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