Don’t Let Your Home Remodeling Project Turn Into an Episode of Tool Time

A home remodeling project can create an exciting new and improved home and even increase your home’s value. However, the process can be daunting and frustrating as your home can be the center of a “war zone” during the process. While you focus on color and design issues, do not forget to consider these items.

If you are increasing the value of your home, you will need to make adjustments in your homeowner’s insurance limits. Typically, your homeowner’s insurance will not cover the contractor or his work. If the contractor causes damage to another part of your home, you will want their insurance to provide restoration.

Before you hire a contractor make sure you consider the following:

• Check references
• Go online to find reviews, i.e. Yelp or Angie’s List
• Ask the contractor to provide you with a certificate of insurance
• Address how change orders will work
• Be specific with regard to brands and products you desire
• Never provide 100% payment up front
• Some changes or remodeling projects can actually help reduce your homeowner’s insurance; for example, upgrading electrical or plumbing or replacing an older roof
• All contractors who work on your home should have the following minimum insurance:
  • Workers’ Compensation to state minimum or statutory
  • Commercial General Liability $1,000,000 Combined Single Limit
  • Auto Liability $1,000,000 Limit
  • Builders Risk which covers the value of the new work

Since 1905, Turner, Wood & Smith has been north Georgia’s most trusted independent insurance agency. Our dedication to our employees and our community has created an environment ready to foster another 100 years of success. When you’re ready to talk about property insurance, professionals at TWS are here to guide you through the process.