Home renovations are expensive but having the wrong insurance coverage can make the process even more so.
Here are some RealRenta do’s & don’ts to help keep you protected during a renovation project.
· Make sure you are covered for workers
compensation and liability insurance
·
Make sure all companies carry their own
insurance- contractors and their sub-contractors
·
Expand your insurance coverage to include the
renovations
·
Add in any new furniture and appliances bought
in the process
·
Raise your liability coverage limit
·
If you are adding a swimming pool or trampoline
etc, get additional liability to cover any accidents that can happen as a
result of their use.
Want to realise the return on your Investment sooner?
Use RealRenta for Free for up to 2 months and never hand over profit from your investment to a property manager again.
Start your free trial here: https://app.realrenta.com/Signup.aspx
Need a property or renovation loan?
Contact us @ propertyloans@realrenta.com
Jason Gwerder
Tuesday, 20 August 2019
