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Home Insurance : CHEAPE~1 Home Insurance Policy Example, The Impact of Renovation on Your

Home Insurance:CHEAPE~1 Home Insurance Policy Example, The Impact of Renovation on Your

Home Insurance. Monday , February 12th , 2018 - 14:36:55 PM

Yes, it does. While minor changes will not have any major impact on your policy, renovations in the nature of constructing a swimming pool, remodeling a kitchen, and expanding the living area are major changes which leads to a significant change in the valuation.

So, it is necessary that you inform your insurer about the proposed renovations and have a revaluation done to decide on the ideal coverage. Of course, a higher cover will entail higher premium payout. But, this is a small price to pay when compared to the loss you might suffer if any disaster strikes.

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