Basement Remodeling Improve Don’t Move By Fixing Up the Basement | Page 10

TELL YOU INSURANCE PROVIDER
You must let your insurance company know before you start renovation work this is to make sure that the insurance will
cover you in the event something goes horribly wrong. Depending on the scale of the renovations they will let you know
whether your existing policy will cover you or whether you may have to take out a property under renovation policy or even
a builder risk policy. This is especially important in the circumstances where you are underpinning the basement, drilling
though the concrete slab foundation or will not be residing in the property at the time.
Another important factor that needs to be checked with the insurance company is whether you have cover for any work that
you may wish to do yourself. For example many insurance companies are very concerned about DIY plumbing and electrical
work. So if you are intending fitting a bathroom you will need to let them know and almost certainly get the work done by
licensed professionals who can provide certification for the work done. Any electrical work will also require permits and
inspection along with a certification report but that might not be enough if your home insurance policy forbids DIY electrical
work so make sure you check with them first.