Insufficient home insurance coverage?

During the housing boom many homeowners took advantage of their equity and remodeled or extensively upgraded their homes. What some homeowners did not know or do is notify their insurance carriers about the upgrades. Some insurance carriers require notification about the upgrades so that their policies can be updated to cover the home improvements.

Notify your insurance carrier if the following changes have been made to your home:
Remolded kitchen or bathrooms
Added sq. footage or room additions
Upgrades to flooring, roofing, and countertops

Once your policy has been updated with the inclusion of the new improvements you will need to make sure you have the right coverage in case of damage or loss to the home. Ask your agent to evaluate your current policy and adjust it accordingly. Having sufficient coverage is crucial to your financial security.