5 renovations that can impact your home insurance
Home renovations can be a great way to build value in your home and make it your own. However, you can get so busy with renovations and the day-to-day details of life that you may forget to inform your insurance company, which could have serious implications. As many as 64% of homes are underinsured by an average of 27%. Though making coverage changes may increase your insurance rate, being underinsured could mean you are not sufficiently covered if you have to file a claim. Reviewing your home insurance policy regularly and talking with your insurance company can help ensure you have adequate coverage in place at all times.
Original Article Source Credits: Bankrate , https://www.bankrate.com/
Article Written By: Kacie Goff
Original Article Posted on:
Link to Original Article: https://www.bankrate.com/insurance/homeowners-insurance/home-insurance-and-renovations/