Planning a Home Renovation in 2025? Here’s What You Need to Know About Insurance First.
May 7, 2025
Thinking about refreshing your kitchen, building an addition, or finally finishing that basement? You’re not alone—almost half of Canadians were planning or completing home renovations in 2024*. With rising material and labour costs, the average renovation now costs around $19,000—almost double what it was just five years ago. Renovating can absolutely improve your space and increase your home’s value—but it also comes with some serious insurance considerations many homeowners overlook. Before the first hammer swings, make sure you’re protected. Is Your Renovation Covered by Insurance?
