How to avoid construction costs when planning a home renovation.
We’ll walk through a few tips that could help you save money.
Read moreA few years ago, we shared the story of a man who paid a small amount of money to be the first to repair a broken down car door at his house.
His story is not unusual, and you could certainly find similar situations for your home renovation or other projects.
Here’s what you need to know about home repairs, as well as some other advice from the experts.
We’ve compiled a list of common construction issues for which you should always have a contingency plan in place.
Keep in mind that you may need to pay for work you don’t need, and that your own insurance may cover some or all of the cost.
The most common problems that you should be aware of are:Insurance coverageThe first thing you need is insurance coverage.
This is typically an annual or multi-year policy that covers damage to your home or property, or other damages you can’t pay for yourself.
Some homeowners may be eligible for a homeowners insurance policy through their county, city, or state government, but many others may be covered by the National Flood Insurance Program (NFIP).
Your insurance provider will probably offer coverage for the following:The first time you go to get your insurance, ask to see your policy(s) online.
If your insurance company doesn’t offer an online account, contact your insurer directly, or find out if they’re offering coverage through a third party.
Your insurance policy may cover repairs on your home if you’re the first one to go to the repair shop.
For example, if your insurance policy covers repairs to a damaged garage, you might qualify for the insurance to cover the work done by the garage repair company.
If your insurance provider doesn’t cover the garage repairs, the insurance company will have to reimburse you, but you might not get a full reimbursement from the insurance provider.
Your home insurance policy also covers damages to your property, including damage caused by a fire, earthquake, flood, or any other unforeseen event.
But don’t assume that your insurance is going to cover your repair costs if you don