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home insurance, insurance

Is your rental property covered when it’s under renovation?

If you’re planning on remodeling, don’t make the mistake of renovating without the proper insurance coverage.

Whether you’re adding a new room, finishing a basement or expanding a deck in the backyard, you should speak with your insurance company to determine if you need to adjust your policy. There are three basic reasons for this:

  1. When you make additions or improvements to your home, you increase its value. If something happens to your home during renovation or after you’ve completed the work, you’ll be covered for the higher amount of your home’s value.
  2. Protection of your financial assets if you or someone else is injured while working on your home. 
  3. If your property is vacant or unoccupied while under renovation, coverage may be restricted or unavailable.

Foremost® has you covered.

Some insurance companies aren’t comfortable covering homes while under renovation. You can count on Foremost to provide the coverage you want while making improvements.

Not sure what your policy provides? Don’t leave yourself vulnerable to financial loss when you’re having home renovations done. Call me to discuss a Dwelling Fire policy from Foremost.

Product availability is based on authority and all products may not be available in all areas.

This does not constitute legal advice. For a complete list of the specific landlord and tenant laws in your state visit http://www.landlordassociation.org/statelaws.html, or for legal advice, speak with a real estate attorney.

ASJ Insurance & Financial Services Inc. offers effective solutions for your insurance needs and offers insurance products from many different companies including Foremost. We can be reached at (877) 275-2201 or visit us online www.asjinsurance.com .

 

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