When considering installing a new roof or windows on your home or building, it’s important to keep in mind how it may affect your insurance. The first step is to contact your insurance agent and notify them of the changes. Different insurance companies have different policies and procedures, so it’s important to speak with your agent to understand how your specific carrier will be impacted.
New Roofing and Your Insurance
In some cases, installing a new roof may lower your insurance rate. However, for other carriers, it may not change the rate, but it will keep you in good standing for your annual renewal when carriers review the age of your roof when calculating the renewal premium cost.
New Windows and Your Insurance
It’s also worth noting that replacing windows will not typically affect your insurance unless you replace them with a significantly higher quality window than you had previously. If this is the case, the insurance carrier may want to increase the coverage for your home or building to make sure it is properly covered in the event of a total loss.
What About My Contractor’s Insurance?
Another important aspect to consider is the contractor’s insurance. It’s crucial to obtain a copy of the contractor’s General Liability and Workers Comp Insurance. This will give you peace of mind in the event that the contractor damages your home or injures someone on your property. The Workers Comp will also cover if the contractor’s employees are hurt on your property. If the contractor is not properly insured, you could be stuck with a damaged house or a lawsuit due to an injury on your property.
Contact JAB Insurance to Discuss Your Home or Business Insurance Needs
JAB Insurance Brokers Inc is a reputable insurance brokerage firm that specializes in providing insurance solutions for homes and businesses. We offer a wide range of insurance options to meet the unique needs of our clients. If you are in need of insurance for your home or business, you can contact us to speak with one of our knowledgeable agents. They will work with you to understand your specific needs and recommend the best insurance options for you. We have access to a variety of insurance carriers, so we can provide you with competitive quotes and compare coverage options to help you make an informed decision.