Consider changes to your home
Home updates – including square footage, structural materials, flooring materials, and the number of bedrooms and bathrooms – could impact how much coverage you need.2 Ask your insurance representative to recalculate your coverage using new, up-to-date information.
With any big change you make to your home, Hackett says the more information and documentation you can provide, the better. “That’s going to help your insurance company arrive at the most accurate replacement cost figure as possible,” he says.
For instance, installing an alarm system or other risk-mitigation systems could equate to a discount, while putting in a shed or swimming pool may require increased coverage.