Baby Boomer? Home Upgrades That Impact Your Insurance

Baby Boomers &Home Insurance Brookfield WI

If you are upgrading your home, it can affect your Brookfield, WI homeowners insurance.

The older generation, the baby boomers, are suffering from immovability in their own homes. Pain and weak knees make it challenging to walk up and down stairs, and even entering and exiting a shower can be problematic.

For these homeowners to stay safe in their home, it requires renovations such as handles in the bathroom, a door for the bathtub, lifts on stairways, and even filling in a sunken living room. As a result, the renovations will either increase or decrease the home value, which will, in turn, adjust the home insurance.

If the value increases, the home insurance coverage must be increased to suit the added features. Similarly, the insurance can be lowered if the value decreases. The amount of insurance that homeowners should carry depends on the cost of rebuilding the house. In addition, if the added features severely affects the safety of others in the home, the liability protection must expand. For example, while a hot tub may relax your muscles and ease your joint pain, people can fall in and get injured.

Homeowners should always update their home insurance when updating their home. Get the best coverage in Brookfield, Wisconsin at Risk Management LLC. We provide great coverage for the baby boomers to feel safe and protected.

  • Risk Management assisted me in determining the best insurance coverage to match my business’ risks. Not only did their professional staff spend ample time meeting with me to understand my business, but they continue to follow up with a phone call on a regular basis. I’d consider each of the members on the Risk Management team a true asset in my corner, as they assist to resolve complex insurance issues including GL, Med-pay, business interruption, unemployment insurance, and most importantly, claims management. Their ongoing research in the insurance industry allows my rates and coverage’s to be best in in class, which helps me to remain competitive in my industry.

    -Steve, S. former owner of Helium Trampoline Park

  • “When we want develop partnerships with vendors, the deciding factor is always based on a single question…Do they pick up their phone? At Risk Management, they pick up their phone. In the indoor trampoline park industry, we have dealt with several insurance agencies that were always more concerned about their commission, not building a business relationship or serving our needs. On more than one occasion, Risk Management has stepped in and helped us with carrier/policies issues that the incumbent agencies had dropped the ball on. There was no financial reward for Risk Management in these situations, they see a problem and help fix it. They just do business the right way. Steve Young and his team at Risk Management represent us, not the carrier. We highly recommend Risk Management.”

    -Mark M. Operations Manager,CEO Fun Palace Place

Address: 21420 W. Greenfield Ave Ste 100
New Berlin, WI 53146
(262) 785-8930
Toll Free: (888) 857-5144
Fax: 1 (800) 424-3955
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