Set it and forget it. That’s most people’s philosophy when it comes to homeowners insurance. We review it only when we do something major, like buy a new house. But many other reasons should prompt us to revisit our policy. To ensure you’re adequately covered and are getting the best rate possible, call your insurance agent when you experience any of these events:
1. You remodel your house.
By making significant changes to your home, such as renovating your kitchen or bathrooms, and especially when adding rooms, you increase the value. To make sure you’ll be covered if you have to rebuild, you may want to increase the amount of insurance you have.