Increase my homeowner's to cover new renovations?

Posted in Homeowner's Insurance about 1 year ago, 2 replies

I have had a lot of renovations done to my house in the first year that I've owned it. I've put about $45,000 into it and had a $5,000 shed added to the lot as well. Will I have to sign a new policy to increase the coverage on my homeowner's insuranc?
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submitted by Randy in Mobile 'Bama
You don't have to sign a new policy but you should contact your agent to increase your coverage. In the event of a disaster you want to ensure you can recoup the cost of your hard work and money you have put into your renovations. Most likely you won't even need a new appraisal.

Good luck!
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submitted by Robert @ November 20, 2008 - 04:12 PM
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Oh and make sure you calculate any additional furniture into your estimate of coverage needed.
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submitted by Robert @ November 20, 2008 - 04:16 PM
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