Do Renovations Affect Your Homeowners Insurance Rates?

Worker doing renovations to his home by installing vinyl flooringWhether you’re remodeling your bathroom or building a back porch, renovations are a great way to raise your home’s value. However, since you’re increasing the home’s market value, it’s always a good idea to reevaluate your homeowner’s insurance to ensure you are properly covered at the best rates. Moreover, while some renovations increase your rates, others may grant you discounts and savings on homeowners insurance. Read on to discover the types of renovations that affect your homeowners insurance rates and what additional policies can protect you during construction. [Read more…]