With the spring season coming up, you may be considering several home projects to do. That old wooden fence that’s been with the house since you bought it is an eyesore, and you’ve wanted to replace it for a while. Now is the right time to start planning your next move.
Taking on any home project—a fence, a new paint job, or even some basic landscaping—is a major task, once you take into account everything you need to do. You need to consider many factors when planning your project, but proper planning will save you many aches later on. Read on to make sure you get off to a great start.
Do Your Research
Start off with getting as much information as possible about your project to find out what you like, what works and what doesn’t work, and how you can set yourself up for success. Get on the internet and search for products, images, reviews, and anything else that might inspire you. In the St. Paul area, there are several lawn and garden shows that you can attend. These offer the best chances for you to talk to different vendors and ask questions directly. You’ll get the guidance you need from knowledgeable professionals.
And remember to keep your insurance coverage in mind, too. You’re investing in your home and getting adequate insurance coverage will help protect that investment. Here are three spring home project insurance considerations to keep in mind:
1. What is Covered?
Generally speaking, homeowners insurance covers the buildings and structures on the land you own, but your policy may not cover the land itself. That means the beautiful garden you may want to create may not be covered. But there are exceptions in some cases, so be sure to speak with your agent about exactly what is covered and what is not.
2. Other Structures and Special Structures
In insurance terms, your house is considered your dwelling while a garage or fence is considered an “Other Structure.” But did you know that some additions are considered “Special Structures?” These are usually things like pools, outdoor kitchens, and fire pits. These structures require special considerations as they may or may not be covered under certain circumstances—for example, a pool may require a fence. Check with your agent when planning these kinds of projects so that you do what may be needed to get the proper coverage.
3. Know Your Limits
Coverage limits are an important thing to consider with insurance, especially when you’re making improvements to the property. Usually, for Other Structures, policies cover 10% of the amount your home is covered for. Some projects are bigger and more expensive than others, so you’ll probably want additional coverage for that picket fence. Inquire with your agent about what is covered and if additional coverage can be purchased.
You’re going to put a lot of effort into your home project this spring. You want to enjoy it and protect for many years. Research and plan your project before you get started, and don’t forget to contact your insurance agent to make sure you’re doing what you need to get the proper coverage. You will save yourself a lot of frustration and you’ll be able to sit back this summer and enjoy that improvement you made to your home.
