I’m thinking about changing the exterior finish of my home and I’m worried about the potential impact on my insurance policy. I live in San Diego, California, in a typical neighborhood developed in the 1960s, with a small canyon behind my house. Currently, my home has stucco on all sides, with some small brick accents on the front, away from the canyon. I’m considering replacing the stucco and brick on the front with Hardie cement board siding, which has the same fire rating as the existing materials. I’ve heard concerning stories of homeowners being dropped by their insurance companies without notice, and it can be tough to find new coverage.
Should I be worried that my insurance might cancel my policy due to this exterior modification? What steps should I take?
It’s understandable to have concerns about how changing the exterior finish of your home might impact your insurance policy. Here are some points to consider:
Insurance Requirements: Many insurance companies have specific guidelines regarding home exteriors, especially in areas with fire risks like yours. Since Hardie cement board siding has a similar fire rating to stucco, it may meet your insurer’s requirements, but it’s important to double-check.
Contact Your Insurer: Before making any changes, reach out to your insurance provider directly. They can provide specific guidance on whether the alterations will affect your coverage. Some companies might require you to inform them of any renovations, while others may not.
Document Your Changes: Keep records of the materials used, their fire ratings, and any communications with your insurance company. This could be valuable if there are questions in the future.
Research Other Policies: It may be wise to research other insurance options or speak with an independent agent who can guide you through policies available in your area. This can provide additional peace of mind.
Home Value Assessment: Sometimes, upgrading your home’s exterior can increase its value, which is a positive aspect to discuss with your insurer. You could ask them how this change might impact your policy, especially regarding replacement cost coverage.
While there’s a possibility of being dropped from an insurance plan, being proactive by communicating with your insurer and understanding the specifics of your policy can help mitigate potential issues.