Had Your Home Renovated? Should You Increase Your Home Insurance Coverage?

If you have renovated your home in the greater Grand Ledge, MI area, you may wonder if you need to increase your home insurance coverage. Here at Bye Financial Group, LLC, we would love to answer this question for you. Read on to find out the answer.

Renovations and Your Home

If you have completed renovations to your home, you will likely need to change your home insurance policy. 

The first reason you may need to change your policy is to cover the new items you placed inside of your home. If you placed elements such as granite, marble, or other higher-end finishings that weren’t there before, you would want to ensure these items are included in your policy. If not, the replacement items for your home in the event of a tornado or other damaging event, may not include the higher-end finishings you just installed. 

The second reason why you may need to change your home insurance policy is to increase your home insurance coverage. If you completed home renovations, you might have increased the value of your home. If you have done so, you will want to have an appraisal done to determine the correct value of your home and then ensure that your home insurance policy covers the new value of your home. 

If you are looking for a new home insurance policy thanks to renovations you completed in your home, contact Bye Financial Group, LLC, serving the greater Grand Ledge, MI area today. We can help you determine what policy limits you need and write up the best home insurance policy for your situation. Also, try our online rating tool for quotes on home and auto insurance from home.