Planning for an Oklahoma City, OK home renovation comes with a number of permit applications, tasks, reminders, and resources to arrange to make sure everything falls into place per plan. However, one that many people tend to forget is the simple task of checking the coverage on their homeowner’s insurance before making any big renovations. And when something goes wrong, the lack of coverage becomes apparent after the fact.

Homeowner’s insurance in Oklahoma City, OK doesn’t automatically adjust just because a change is made to a home. It is not designed to be an automatic, umbrella-type insurance protection. Instead, homes are evaluated and insured based on their current condition. However, because many homes fall into similar categories of use and risk, the initial evaluation process often seems to come across as automatic to the homeowner.

Big changes that need to be checked ahead of time include the installation of a backyard pool, replacing the house roofing system, changing a room to be a business office with significant structural changes like a business entrance door, or building out a room by removing walls or putting in an expansion. The other big component player involves kitchen and bathroom system replacements as they frequently involve putting in gas and power appliances and changing the plumbing which can all be source of damage when not installed properly.

It’s also important to notify one’s policy provider because doing so can trigger big savings, according to FM Insurance. For instance, a new roof can produce a 10 to 20 percent reduction in insurance costs because the external protection has been upgraded with a new, long life barrier.

When notifying, it’s not enough to just call up and say a renovation is occurring. Photos and documentation are frequently necessary to update a policy correctly. To go over the process and know exactly what is needed for a home upgrade, contact FM Insurance for more information.

Homeowner’s insurance, like all other kinds of insurance including FM insurance, is part of a heavily regulated industry with many rules to follow and standards to uphold. Because of this, sometimes it is difficult to figure out exactly what is covered by your home insurance policy. Home insurance covers damage due to certain events, typically including fire, theft, burglary, and vandalism.

Additionally, this insurance covers both your home itself and the belongings inside it. In some rarer cases, specific outlying structures are also covered by the homeowner’s insurance policy. However, as this is the exception and not the rule, it is not necessary to discuss those insurance policies that protect outlying structures in greater detail.

So, what happens in the event of a covered disaster? In this case, the insurance company will take care of paying for the repairs of your home and the replacement of your belongings up to a certain amount. Your deductible is subtracted from this amount. If the disaster or event is uncovered, then the homeowner is fully responsible for the financial burden. In Oklahoma, most homeowners cannot afford to pay to repair their home and replace their belongings themselves. Therefore, FM  Insurance offers affordable policies and quotes for a wide variety of insurance companies in the state of Oklahoma.

With this in mind, you might be wondering whether or not you can afford a homeowner’s insurance policy to protect your home and belongings. FM Insurance has an excellent variety of homeowner’s insurance policies, differing in the level of coverage, cost, and the required deductibles. They have agents serving Oklahoma City OK that can assist you in finding the correct policy for your home.

Whether your home is cheaper and you want a less expensive policy or if your home is more expensive and you need a more substantial policy, they will help you find it. Their agents serving Oklahoma City are capable and eager to work with you so that your home and belongings are protected by an appropriate and affordable policy.