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Brought to you by Terri Gesik - Gustafson Insurance - INSURANCE INSIDER - 6 Tips

GUSTAFSON INSURANCE - Terri GesikHome renovations can be costly, but insufficient insurance coverage can make the process exponentially more expensive. Below are some do's and don'ts that can help keep you protected during a home improvement project.

1.) Double-check your contractor's insurance coverage. Workers' compensation and liability insurance are musts. Ask to see the necessary certificates and confirm sufficient coverage.

2.) Don't assume subcontractors are covered. If your general contractor is subcontracting work from a plumber, electrician or another professional, make sure those companies carry insurance.

3.) Increase your replacement value. Improvements made during a renovation enhance the value of your home. Expanding your insurance coverage ensures your policy fully covers the cost of renovation.

4.) Don't forget to include new items. Add updated appliances and furniture purchases to avoid potential coverage gaps.

5.) Raise the liability coverage limit. Making this change can help protect a homeowner in the event of an injury.

6.) Don't neglect an attractive nuisance. Are you adding a swimming pool, trampoline or other feature to your home that might pose a risk to children? Should an accident involving an attractive nuisance happen, you'd be liable -- whether or not you gave permission to use it. Additional liability protection can ease that burden.

Insurance plays an important role when you embark on a home improvement project. The right type and amount of coverage can help you avoid pitfalls on the road to owning your dream home.

Gustafson Insurance

541 NW 2nd Ave, Canby, OR 97013

(503) 266-2216

www.gustafsonins.com

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