One of the most popular home renovations currently is a finished basement with home theatre. Such improvements may affect the replacement cost of a home and should be incorporated in the dwelling limit.
More importantly, homeowner policies provide very limited coverage for sewer and drain backups, often as little as $5,000. Basements with extensive finishes and valuable personal property should carry higher limits, which are available for a nominal charge.
It's also important to remember that your homeowner policy does not include flood insurance. This includes damage caused by a rising body of water or any other surface water that may enter your basement. The National Flood Insurance Program provides this coverage which we can facilitate for you if desired.
Contact us with any questions about your homeowner policy.
Call 614-459-6500 and ask for Dan!
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