Ignite FB Tracking PixelWhat YOu Need To Know About Renovations And Your Home Insurance - Rosemary Pezzano

What YOu Need To Know About Renovations And Your Home Insurance

by Rosemary Pezzano 10/08/2018

Home renovations are generally thought of as a good thing. You can update your home for your own comfort. New amenities will make your life easier. Your home can expand in size. Whatever you are planning to do in your home is bound to have a positive affect. One thing to be aware of when you’re gearing up for the process of any type of home renovation is that of your home insurance. You want to protect yourself and your home as your go through the stages of home renovations. Below, you’ll find some tips to help you complete renovations you desire in your home without having surprise insurance bills. 


Check That Your Contractor Has Insurance Coverage


Before you sign a contract with any contractor be sure that they have sufficient insurance coverage. In particular you want to be sure that they have workers‘ compensation coverage and liability insurance. Don’t be afraid to ask the contractor for the necessary certificates and confirmation of insurance coverage before you even sign the contract. It’s your right as a consumer to know that your contractor is covered properly.


Beware Of Subcontractors As Well


Just because your general contractor is covered doesn’t mean that all subcontractors that are hired have the correct insurance. Electricians, plumbers, and other specialty contractors will need their own insurance on the job. The same rules apply as when you’re hiring any other contractor. Check with the general contractor to understand if their policy will cover all workers that are hired, or if these individuals need to carry their own insurance policies. Check with your home insurance company to see what your home insurance does and doesn’t cover during a renovation period on your home. The more knowledge that you have going into the process, the better it is for you. 


For Your Homeowner’s Insurance Policy


Once the renovations are complete, you’ll need to reassess the policy coverage amounts that you have for your home insurance policy. The renovations that you have completed will undoubtedly increase the value of your home causing you to need to increase the replacement value of your home on your insurance policy. Don’t forget to include everything from new appliances to furniture that has been replaced in the renovation. This will help you to avoid any gaps in coverage. This way, you’ll know that your home will be fully covered. With the right insurance coverage you’ll know that your home is can be rebuilt to the same specifications in the event of a complete loss. You always want this peace of mind as a homeowner.      


About the Author

Author
Rosemary Pezzano
  • WHO I AM…

There are many reasons why I enjoy my career as a REALTOR. The main reason is the deep satisfaction that comes from helping people realize their dreams, helping them through the major transition that accompanies selling, buying and moving. Another reason is that no transactions are the same. Each one has its own characteristics and challenges. It is through overcoming the challenges that enables me to improve my quality of service. Each and every day I work at perfecting my attention to detail and my commitment to excellence while being mindful of my core values.

  • WHAT I CAN DO…

Since relocating in 2001 to Four Seasons at Upper Freehold Gated Active Adult Community, I have become an enthusiastic cheerleader! Having first-hand knowledge and sharing that knowledge has contributed towards a reputation for achieving results, not just promises! Listening, delivering necessary information, helping to negotiate the best possible price and terms and making sure all details are covered help to have a successful closing. This comes from over 40 years of real estate experience. 

  • COMMUNITY INFORMATION

Four Seasons at Upper Freehold is located in rural Upper Freehold, southwestern Monmouth County. The 387 single family residences naturally blend with the surrounding rural landscape and the neighboring Borough of Allentown with its many antique shops and boutiques. For the young at heart, Six Flags Great Adventure Amusement Park and Safari is also nearby. Commuting lies within 60 miles of New York City and 35 miles from Philadelphia with easy access to Princeton and the Jersey Shore. Neighboring Quaker Bridge Mall and Freehold Mall for all your shopping needs and the Hamilton Marketplace nearby.

  • WHAT CLIENTS AND CUSTOMERS ARE SAYING
06/07/2018 - Sold a Single Family home in 2018 in Allentown, NJ.

Rosemary was a pleasure to deal with - very responsive, professional, knowledgeable and went above and beyond for us. She made a very overwhelming situation of selling my parents' house into a manageable, do able process that I couldn't even fathom getting thru at the onset. The house was sold and closed in a month's time and I am still pinching myself that we got through this huge undertaking so readily. This truly is thanks to Rosemary. She is wonderful!

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04/20/2018 - Sold a Single Family home in 2018 in Allentown, NJ.
Rosemary was very easy to work with and gave me a lot of good advice for selling a home within Four Seasons / Allentown (some of which I should have taken sooner!). She and her husband (who is also a Realtor) were incredibly helpful with many of the small (and some not so small) details of getting our house prepped and sold. Because I lived a ways away from the house I was selling, there were many times when Rosemary or her husband were able to save me a trip to handle something at the home while it was on the market, showing that they will do whatever it takes to help make a sale go smoothly, and I greatly appreciate their help. Rosemary responded quickly to all of my questions via phone, email, or text; I never waited long to hear back from her no matter the day or time.

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10/07/2016 - Sold a Single Family home in 2016 in Allentown, NJ.

I am thankful I chose to have Rosemary sell my house. Through every step of the process she kept me informed, made useful suggestions and helped. Here are just four examples. Just before we put the house on the market, she made a suggestion to relocate a piece of furniture. And yes, after moving it, the room looked larger. The house was listed on a Wednesday and by noon on Friday I had a full price offer. When the new buyers suggested the landscape plantings were overgrown, she had her husband come over to trim the worse offenders. At the end of the process, after the house had been cleaned for the new owners' walk-through and because I had had to move out of the area, she and her husband put out the remaining five cans of trash. After the closing I got a call from her because some of my mail had been delivered to my just-sold house rather than having been forwarded. She offered to take it to the Post Office for forwarding and to alert them to the problem. These are just four examples of the many ways Rosemary (and her husband) helped make the difficult process of selling my house as painless and as smooth as possible. Thank you Rosemary (and husband)!!

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09/21/2015 - Sold a Single Family home in 2015 in Allentown, NJ.

If you are selling a house in this area, use Rosemary as your agent. She worked tirelessly to get our house sold. She was very involved, handled many, many details for us, and was extremely knowledgeable about the value of homes in the area. She even arranged for her husband to help us out in several instances. She kept me updated and led us through every step of the process, explaining what we needed to do and how things would progress. We no longer live in the area and without her, we would never have been able to handle the sale long distance. She was wonderful to work with.Less 

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09/09/2015 - Sold a Single Family home in 2015 in Allentown, NJ.

Rosemary pays attention to details and knew exactly the type of exposure the home needed to get the job done. We had the home listed for sale 2 other times with another realtor with no results. Rosemary felt that the home needed to be professionally photographed and she was right. The photos brought in numerous buyers and the home sold in a few weeks. I would recommend Rosemary to anyone who wishes to sell their home in a timely manner for a fair price.