DIY That Can Cost You More on Home Insurance in Maitland

DIY That Can Cost You More on Home Insurance in Maitland

DIY or do it yourself is a great way to save money. However, you want to be sure you know what you’re doing. In some instances, it can have a negative effect on your home insurance. Particularly, it could end up costing you a whole lot more, either on the premium or because of a claim getting denied. This means you want to put a little extra thought into whether you want to do it yourself or hire a professional.

Plumbing

It may seem better to try and take a DIY approach with all of the plumbing repairs that you have in your Maitland home. The problem is, if you do something that causes a bigger problem, home insurance may not cover it. For example, if you end up with a flood because of a busted pipe from a plumbing repair that you made, your insurance policy is likely not going to cover it. This means that you could be financially responsible for all of the repairs – and that could cost you a fortune. After all, water damage could include floors, dry wall, and a whole lot more.

Electrical

There are licensed and professional electricians out there for a reason. They know exactly what they are doing, and when you have work done around your home by a professional, it is completely covered. However, if you take a DIY approach to wiring, you may end up causing a fire. This fire may not be covered by your homeowners insurance, especially once an investigation has taken place. You don't want to be financially responsible for making the repairs and replacements of what an electrical fire has caused, and therefore it's best to work with a professional.

Other DIY

There are all sorts of other DIY projects that could end up costing you more on your home insurance because of claims being denied, as well as the inability to prove that it has been done properly. For example, if you choose to add a security system, many insurance companies will ask for the professional documentation to show that it has been installed. Without being able to get a letter from a specific company, you may not qualify for the discount. This means that you saved on installation, but you can’t get the added savings of a security system on your home insurance in Maitland.

Before you decide to take any DIY approach, you may want to think about the consequences. It may also be beneficial to call an independent insurance agent to find out how it can impact the cost of homeowners insurance. An agent can also help you to find the most affordable policy for you on home insurance so you can be sure you’re getting a great rate. It will encompass what you do have going on in your home and you can always have someone to talk to about what you should and shouldn’t do on your own.