When it’s time to add value to your home or improve its functionality, it’s also important to inform your home insurance company about any changes. For example, adding a shed to your property can enhance its value and utility, but it’s also a valuable asset that should be protected from risks.
At Capalbo Insurance Group LLC, our team can help you modify and upgrade your home insurance in South Kingstown, RI, to match your needs better.
Why You Should Inform Your Agent
Most home insurance policies provide specific coverage for named structures on your property. If a structure is not attached to your home, it must be explicitly listed on your policy to receive coverage. For instance, an attached garage is typically covered under your homeowner’s insurance. However, a detached garage will only be covered if it was specifically added to your policy.
When you modify your home by adding a shed, detached garage, barn, or other structure, you’re not only increasing the value of your property but also introducing additional risks. To ensure these structures are protected, they must be named on your policy. If a fire or another covered peril damages the structure, compensation will only be provided if it is listed on your policy.
We can assist you in making the necessary modifications to your policy. Contact Capalbo Insurance Group LLC to discuss updating your home insurance in South Kingstown, RI to cover all your assets and minimize risks.
