Review Your Insurance Coverage
Now may be a good time to review your existing insurance coverage and the protection you have, since
home improvements most often increase your home's value. In fact, your home has probably been increasing
in value since the day you bought it. Your existing insurance policy should reflect this increase in
To evaluate your insurance coverage, consider the value of your home as well as the value of the
personal possessions in your home. To help with this process, take an inventory of your personal
possessions before any construction begins.
Take an Inventory
Both the number and the value of your possessions will probably amaze you. Be sure to write down a list
of all your valuables, including any serial numbers. Take photos of all valuables and put the photos in
a safe deposit box.
The following summary will serve as a guide to help you determine whether your property insurance policy
gives you the coverage you need.
Total Value of:
|Personal Inventory of All Rooms
|Amount of Insurance
If you find your present coverage deficient, now is the time to get the coverage you need. An
insurance review with your agent can help you determine whether your home's value has increased beyond
the limits of your current coverage.
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