🏗️ Renovations: During Construction Coverage and Permits 🇨🇦
Planning a renovation—whether it’s a kitchen remodel, basement suite, or full home addition—can be exciting. But many Canadian homeowners don’t realize that standard home insurance policies may not fully protect them during construction.
⚡ Why During-Construction Coverage Matters
- Increased Risk: Renovations bring higher chances of fire 🔥, theft 🚨, and water damage 💧.
- More Activity, More Liability: Contractors, subcontractors, and tradespeople create additional exposure on your property.
- Coverage Gaps: If your insurer isn’t notified about major work, a claim during construction could be denied.
📑 Key Considerations
1. Course of Construction / Renovation Endorsements
- Extends or modifies your home policy to protect against damage while work is in progress.
- May also provide liability coverage for accidents connected to the renovation.
2. Permits & Compliance
- Most municipalities in BC and across Canada require permits for major projects.
- Failing to secure proper permits or inspections can void your insurance coverage.
3. Contractor’s Insurance
- Confirm your contractor carries both liability and workers’ compensation insurance.
- Always request proof—this protects you if an accident occurs on-site.
✅ The Takeaway
Renovations can add significant value to your home, but they also introduce new risks. Safeguard yourself by ensuring your insurance includes proper construction coverage, obtaining the necessary permits, and verifying your contractor’s credentials.
👉 Thinking about renovating this year? Review your coverage before the first hammer swings.
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