Insurance agents are homeowners insurance experts who can help answer any questions you have about your coverage. Because renovations will typically increase the overall value of your home, agents want to ensure you have the right amount of protection before and during construction.
Tips to consider
In addition to bringing in your agent, you'll also want to keep these tips in mind for insuring home improvements:
- Understand your short-term coverage options that will cover materials, workers (especially if you're doing the job yourself or with friends) and your personal property
- Use insured professional contractors who have their own general liability policies and offer their employees workers' compensation coverage
- Ask about building permits, especially if you're changing your home's structure
- Explore the real value of your renovations, including new furniture, appliances and other property
- Review your current policy with an agent to make sure you have enough coverage once construction is complete
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All BB&T mortgage professionals are registered on the Nationwide Mortgage Licensing System & Registry (NMLS), which promotes uniformity and transparency throughout the residential real estate industry. Search the NMLS Registry.
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BB&T and SunTrust have merged to become Truist. Both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees and pricing. Our friendly teammates at your local SunTrust branches will be happy to walk you through their respective products. You can also learn more by contacting them at 800-SUNTRUST or SunTrust.com.