What Most Home Insurance Policies Won’t Cover During Renovations

Thinking about renovating a property, expanding your home, or building a custom home from scratch?This episode of Wealth, Legacy & Property uncovers the insurance gaps that many homeowners and investors overlook — until it's too late.Learn why your current home insurance may not cover you during major renovations, how builder’s risk policies work, and what type of coverage is required for house hacking, luxury upgrades, and new construction.Whether you're upgrading a five-bedroom into a ten-bedroom home, building a coach house on an existing lot, or converting your primary residence into a rental, this episode delivers practical insights to protect your assets and avoid costly mistakes.✅ Here’s what we cover:The difference between builder’s risk and homeowner policiesWhat insurance covers (and doesn’t) during renovations and additionsLiability risks for landlords and investorsUmbrella coverage for multiple propertiesHouse hacking policies for 2–4 unit homesWhy high-end materials (like imported marble) must be disclosedStrategic tips for portfolio owners, landlords, and custom builders📌 Don’t assume you’re covered. Most policies won’t protect you during major upgrades unless you notify your carrier and adjust your policy.🎙 Hosted by Patrick Afrifah, Licensed Real Estate Broker — Chicago📞 Contact Patrick: [email protected] | (773) 484-6022👤 Guest Expert: Brent Norkus — Insurance Broker at Comparion Insurance📧 Email: [email protected]📱 Text/Call: (312) 519-5224📅 Book a meeting🔔 Subscribe for weekly insights on building wealth, preserving legacy, and protecting your real estate investments.🌐 Follow the podcast: Wealth, Legacy & Property#HomeInsurance #RenovationRisks #RealEstateWealth #HouseHacking #BuilderRisk #PatrickAfrifah #WealthLegacyPodcast