You might need extra insurance for your remodel. Here’s how to make the decision.

First, check with your contractor to ensure that s/he carries liability, accident and workman’s compansation insurance. If the contractor does not have adequate insurance, you might need to take out an umbrella policy for the duration of the remodeling project.

If you are not hiring a general contractor (managing the project yourself), you will need to ensure that the sub-contractors carry adequate insurance and think seriously about an umbrella policy.

Before any work begins, you would be well advised to discuss your project with your insurance agent. The remodel will likely increase the value of your home. This might indicate a need for more homeowner’s insurance.

You also want to be sure you are protected with adequate liability insurance during the project in case someone is injured.