Home Renovations in Texas: How They Impact Your Insurance 

Home renovations can be exciting, but they can also affect your homeowners insurance in ways you may not expect. Here’s what you should know if you’re renovating your Texas home.

How Do Renovations Affect Homeowners Insurance?

Renovations can increase the value of your home and change its risk profile, which can impact your insurance needs. Consider these key points as you plan your updates:

• Increased home value and coverage needs—Upgrades like kitchen remodels, bathroom additions or new flooring can raise your home’s replacement cost. If your policy isn’t updated, you may not have enough coverage to rebuild after a loss. Flores Guevara Agency can help you review your policy and adjust your coverage to match your home’s new value.
• Premium changes—Some renovations may lead to higher premiums, especially if they increase your home’s value or add risk (such as a swimming pool or home office). On the other hand, improvements like a new roof, updated wiring or security systems can sometimes lower your premiums by reducing risk.
• Eligibility and policy requirements—Major changes, such as adding square footage or converting a garage, may require you to update your policy or switch to a different type of coverage. Failing to notify your insurer about significant renovations could aaffect your eligibility for claims.

What Type of Renovations Can Impact Insurance?

It’s essential to review your homeowners policy after many types of home renovations, such as:

• Remodeling kitchens and bathrooms
• Adding rooms or finished basements
• Replacing roofs
• Installing pools or trampolines
• Upgrading electrical or plumbing systems
• Adding security or fire protection systems

Why Notify Your Insurance Agent?

Letting us know about your renovation plans can help make sure your coverage keeps pace with your home’s value and features. We can help you:

• Assess whether your current policy is sufficient
• Identify potential premium changes
• Explore discounts for safety upgrades
• Avoid gaps in coverage

Plan Your Next Project With Confidence

If you’re planning a renovation in Pflugerville, TX, Flores Guevara Agency can guide you through the insurance implications and recommend suitable coverage. Contact us today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.