Residents in the greater Grand Ledge, MI area often build on to their homes rather than moving into a new one. If you need some more space but really love your neighborhood, an addition is probably something that is in your future plans. There are a lot of benefits to improving your current home, and the team at Bye Financial Group LLC is here to make sure that all of your improvements are covered. Make sure that you take a close look at your current policy before you start any major home improvements, as your coverage levels will likely need to be adjusted.
Increased Space and Increased Value
Additions can help your home better fit the needs of your family. Adding on a new bathroom or bedroom, or creating a new wing off of the back of your house can transform your house into the home of your dreams. There are a few considerations to make before you undertake this huge project, and a quick meeting or call with your agent can get you the information that you need. In addition to increasing your policy to match the new value of your improved home, you will likely want to increase your liability coverage while the work is done.
Your new space will create an increase in value for your home, and it is important that your current policy covers this new value. You may also want to increase the level of your personal items rider at the same time to cover large purchases.
Contact Bye Financial Group LLC today and learn more about how your new addition may impact your homeowner’s policy. We can review all the options that are available to protect your Grand Ledge, MI area home.