A new deck or similar residential addition can be added to your home insurance policy. It’s essential to consider the type of addition you’re pursuing and choose coverage options that will help preserve its condition.
The Intended Use
Think about how you plan to use your new deck or home upgrade. The intended use of the feature can help you identify potential risks. For example, if your deck includes steps, you may want to address the liability risks associated with the addition.
Adding liability coverage to your home insurance policy can protect you in case of accidents involving guests or family members. When evaluating the intended use, consider how often the feature will be used and whether others will be using it regularly.
Material Strength
Assess the durability of the materials used for your residential upgrade. Determine whether the materials are adequately protected from the elements. Exposed surfaces may qualify for additional insurance protection.
Consider whether the materials could be damaged by criminal activity, such as theft or vandalism. Adding coverage for these risks can ensure you’re reimbursed for stolen or damaged construction materials. Additionally, your insurance policy may cover damage caused by catastrophic conditions like high winds or heavy rain, helping you manage repair and replacement costs without significant out-of-pocket expenses.
Insurance Agent Support
When you’re ready to modify your insurance policy, contact one of our agents serving Plano, TX. An agent from Paragon Independent Insurance Agency will meet with you to discuss the coverage options that best suit your needs.
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