Will home improvements affect my home insurance?

Will home improvements affect my home insurance?

Compared to 10 years ago, the number of people who moved house in 2017 more than halved. So, if you’re one of an increasing number of people staying put to renovate your kitchen or improve your living space, you should probably check you have the right home insurance cover in place. 

Chris King From the Home team
3
minute read
posted

When should I tell my insurance provider that I’m carrying out work?

Tell your insurance provider if you’re doing any improvements, building, excavation or alteration before you start the work. They’ll likely want to know the fine detail so they can assess the risk to the property and the potential extra value that could be added once the work is completed.  

With more minor work, you might still check with your provider to be on the safe side, but if you’re just adding a lick of paint to a room you won’t need to tell your insurance provider.

When should I tell my insurance provider that I’m carrying out work?

Will my home insurance premium go up?

Naturally, if your house increases in value due to the renovations taking place and would cost more to rebuild in the event of a claim, then your premium might increase depending on the policy you have.  

If your provider won’t cover you or your premium shoots up, then you can compare quotes through Compare the Market to look for a good deal while the building work is taking place.

How can I compare and save on home insurance?

If you’re looking for a home insurance policy to cover your home improvements, you can search for the level of cover that’s most suitable for you and compare quotes from more than 50 providers. We’ll show you a range of policies from our panel of home insurance providers so you can find a policy that’s right for you.

How can I compare and save on home insurance?

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