Don’t forget to consider insurance when planning your next home renovation. Renovations are stressful enough and anything can happen on a work-site. For instance, a construction worker could get injured or the contractor could accidentally damage your or your neighbour’s property. Protect yourself and your wallet from surprises by being proactive.

You and your contractor must be adequately insured.

During the hiring process ensure that your contractor has full liability coverage. Ask them for a copy of their Certificate of Insurance.

Many homeowners don’t realize that they, too, need sufficient insurance coverage albeit their contractor is fully insured. You should call your insurance broker to explain in detail your home renovation plans “before” breaking ground. You may have to modify your policy to protect yourself during the renovation. For example, you may require a “vacancy permit” if you vacate your home for the duration of the renovation.

This due diligence will give you peace of mind and help relieve some of the stress of a home renovation. For added peace of mind, enlist the talents of knowledgeable and experienced Verified by eRenovate™ Pros by using the eRenovate Post My Project tool or the eRenovate App.

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Author
Tom Cordeiro

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