Home Insurance. Monday , February 12th , 2018 - 14:26:15 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.
It is best that you talk to your insurance agent before you plan to carry out the renovations. The agent will help you to determine the additional coverage. Also, he can quantify the liability cover needed during the renovation period.
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