Kitchen Renovations That May Affect Your Insurance

Posted on by agentinsure

One of the most popular home improvement projects are kitchen renovations. It is also one of the most expensive. You should know how the renovations would affect your insurance premiums before getting started. Consider getting in touch with McCormick Insurance Inc. and ask the agents how your new kitchen remodel will impact your insurance rates.

  1. Kitchen Countertops – Improving your countertops can be an expensive endeavor. Choose your countertop wisely. There are many distinctive types and each may affect your home insurance differently. In addition to the popular granite, laminate, and wood surfaces, there are also quartz, solid surface, stainless steel, copper, and eco-friendly countertops available.
  2. New Appliances – You do not have to upgrade all of your appliances at one time. This could be costly and eat into your budget. Start with the oldest ones and eventually replace them all. Stainless steel appliances are a valued commodity and can increase the resale value of your home.
  3. Cabinet Refacing – Renewing your cabinets may not affect your insurance premiums a great deal, but it is important to understand your options if it does. Adding wood veneers, plastic laminates, or rigid thermofoils could make a significant difference. Ask your McCormick Insurance Inc. agents in Pembroke Pines, Florida for more details.
  4. Backsplash – One of the least expensive things you can do is add a decorative backsplash to the kitchen. They are easy to install yourself, but if you have a contractor make sure that he or she is fully licensed in case of accidents.

All of these kitchen renovations could add value to your home. They also may cause you to increase your insurance coverage to cover the new value of your home. Call the agents at McCormick Insurance Inc. in Pembroke Pines, FL to discuss your options.