With summer up ahead, many people are making plans to hit the beach, visit a national park or throw the ultimate backyard BBQ. For others, summer plans are less about sandy beaches and more about sanding drywall mud as home improvement projects take priority.
In fact, this past year more than one-third of U.S. and Canadian homeowners and renters undertook a home renovation project, according to a survey from Chubb.
Of course, making updates to a home can have a big impact on home insurance. Chubb recommends agents and brokers talk to insureds about hiring a reputable contractor who will create a detailed plan for the project. If they are going it alone, homeowners should develop a detailed plan themselves.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
