Posted in home improvement

Upgrading your space while stuck at home? Get it insured

As many Americans face months stuck indoors, some are using their time to upgrade their surroundings. Office equipment purchases are on the rise, and people are tackling renovation projects.

Significant home improvements can leave you underinsured. If you’re considering making changes to your home — or if you already have — it’s smart to revisit your homeowners or renters policy.

TELL YOUR INSURER ABOUT YOUR PLANS: There’s a good chance you’re underinsured before you even make changes, according to Don Griffin, vice president of personal lines at American Property Casualty Insurance Association. Talk to your insurer before making any expensive purchases or changes to your home to inform the company of your plans and clarify your policy’s current coverages and limits. If your home costs more to replace after you’ve improved it, some insurers will pay the new expense to rebuild, but “that’s not every policy, and it may not

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