I’m thinking about changing the exterior finish of my home and I’m worried about my insurance company potentially dropping my policy.
To give you some context, I live in San Diego, California, in a neighborhood developed in the 1960s, and my house backs up to a small canyon. Currently, the exterior is stucco all around, with some brick accents on the front side that faces away from the canyon. I’m considering replacing the stucco and brick on the front with Hardie cement board siding, which would have the same fire rating as the stucco being removed.
I’ve heard stories about people getting unexpectedly dropped from their insurance and facing difficulties finding new coverage.
Should I be worried about my policy being canceled due to this change? Any advice on what steps I should take?
It’s understandable to have concerns about changes to your home’s exterior, especially when it comes to insurance. Here are a few points to consider:
Check Your Policy: Review your current insurance policy to see if there are any specific clauses about alterations to the exterior of your home. Some policies may have stipulations regarding changes in materials.
Notify Your Insurer: It’s a good practice to inform your insurance company about any significant changes you’re planning to make. Since you’re replacing stucco with Hardie cement board siding, and it’s maintaining the same fire-rating, it might not be an issue, but it’s still best to keep them in the loop.
Consult with Your Insurer: If you have a good relationship with your insurance agent, consider discussing your planned renovations with them. They can provide insight into how such changes might impact your coverage.
Research Local Requirements: Since you live in California, make sure that any changes you’re considering comply with local building codes and regulations, especially for fire safety.
Rates and Coverage: Sometimes, making a home more resistant to fire (like switching to Hardie board) could potentially lead to lower premiums. However, each insurer has different criteria, and your location might play a role in their assessment.
Building Materials: Hardie board is often seen as a durable and fire-resistant material, which might actually be viewed positively by insurers. If anything, this change could improve your home’s insurability.
Keep Documentation: Be sure to document all renovations and keep receipts. This will help if you ever need to make a claim or when discussing with your insurer.
In conclusion, while it’s wise to be cautious, there’s a good chance that as long as you maintain safety standards and keep your insurer informed, you will not face issues. Always proactive communication with your insurance company is key.