Originally published by Mike Knott on Bankrate.com.
Planning a home renovation can involve fun activities, such as designing a new floor plan or picking fixtures and paint colors. Having a heart-to-heart with your home insurance carrier may not be part of your preparations, but it should be.
Many house improvements that boost your home’s value could render your home insurance coverage inadequate and leave you vulnerable to losses. Other upgrades may trigger lower premiums — savings you don’t want to miss simply because you didn’t think about your home insurance during renovation.
Here’s how five common home upgrades or repairs can affect your homeowners insurance policy by either boosting or lowering the cost.
How renovations impact your home insurance
Some home renovations greatly increase the value of your home and the cost of your home insurance, while others not so much. Here’s