Why Mid-Year Policy Reviews Matter More Than You Think
When you’ve invested time, money, and heart into upgrading your home, protecting those improvements is just as important as making them. At Skyscraper Insurance, we understand that a new kitchen, finished basement, or home extension can change more than the way you live—they can impact the value and risk profile of your property.
Too often, homeowners forget to update their insurance after renovations, leaving them with coverage that doesn’t fully reflect the true value of their home. That gap can be costly if the unexpected strikes.
Why Renovation Means Re-Evaluation
Most home insurance policies are based on your home’s current rebuild cost. Renovations can significantly increase that cost, meaning your policy may no longer provide adequate protection. Whether you’ve added square footage, upgraded electrical or plumbing systems, or installed high-end finishes, each improvement may impact your coverage needs.
What Types of Renovations Require a Policy Update?
While every home is different, here are common upgrades that should trigger a review:
- Kitchen or Bathroom Remodels – High-end appliances and materials raise your home’s replacement value.
- Room Additions or Conversions – A new office, bedroom, or finished basement increases your square footage.
- Roofing or Structural Work – These can affect how your home stands up to storms or other hazards.
- Energy Efficiency Upgrades – Solar panels or HVAC improvements may require endorsements or new clauses.
- Landscaping and Outdoor Living Spaces – Pools, decks, or outdoor kitchens are valuable assets that may need coverage.
What Happens if You Don’t Update?
In the event of a claim, outdated coverage could mean:
- Underpayment on repairs or rebuilding costs
- Delays in the claim process
- Out-of-pocket expenses for uncovered improvements
Worse yet, it could result in your claim being denied if you didn’t disclose material changes to your insurer.
The Skyscraper Approach: Proactive and Personalized
We believe insurance should grow with you. Our team at Skyscraper Insurance offers tailored reviews to help homeowners avoid gaps in coverage and ensure their investments are fully protected. We don’t just look at your policy—we look at your life, your plans, and your property with a long-term lens.
When you contact us for a mid-year review, we’ll:
✔️ Evaluate how your renovations affect your home’s value
✔️ Recommend the appropriate coverage adjustments
✔️ Walk you through any necessary endorsements
✔️ Ensure your policy reflects the way you live—today and tomorrow
Let’s Close the Gap—Before It Costs You
A quick review now can prevent a costly surprise later. Whether you’re planning a renovation, in the middle of one, or just wrapped up the work—reach out to Skyscraper Insurance for a personalized consultation.
Protect your home’s new value. Update your coverage today.
#HomeRenovation #InsuranceGap #SmartCoverage #PolicyUpdate #SkyscraperInsurance
#WeShareYourVisionForABetterTomorrow
