Renovating your home is an exciting process, whether you’re adding a modern kitchen, finishing your basement, or installing a backyard pool. However, these upgrades don’t just change the look and feel of your home—they also impact its structure and value. That’s why it’s crucial to keep your insurance company informed after major updates. If you’re in the Portland, ME area, Noyes Hall & Allen Insurance is here to help ensure your coverage reflects your home’s new value.

How Renovations Affect Your Coverage Needs

Home improvements—whether you call them renovations, updates, or upgrades—often increase your home’s replacement value. For example, upgrading to custom cabinets and high-end appliances or creating a new living space in a previously unused basement raises the cost to rebuild or repair your home after a disaster. Your original policy limits may no longer be sufficient to protect your investment fully.

Adding features like a pool can also introduce new risks. Even with proper safety measures, pools increase the likelihood of accidents. Your insurer needs to know about these changes to ensure your liability coverage accounts for your home’s current situation.

Why It’s Important to Notify Your Insurer

Failing to update your policy after renovations can lead to complications later. If an unexpected event—such as a fire or severe storm damage—occurs and your insurance company wasn’t informed of your upgrades, you may not be covered for the full extent of your losses. Worse, unreported renovations could result in disputes during the claims process.

Keeping your insurance policy up to date is just as crucial as the renovations themselves. It ensures that your hard work—and your home’s increased value—are adequately protected, giving you peace of mind no matter what life brings. Contact Noyes Hall & Allen Insurance today to learn more about updating your coverage. We proudly serve the Portland, ME area.