You should consider increasing your insurance coverage in the following situations to ensure adequate protection:

1. When You Renovate Your Home

• Increased Home Value: Renovations can significantly enhance your home’s market value and replacement costs. Updating your policy ensures that the increased value is fully covered.

• Added Features: Adding features like a new kitchen, bathroom, or extension may introduce new risks. Enhanced coverage protects these additions against potential damages.

• Upgraded Materials: Higher-quality materials and finishes used during ren

ovations can be more expensive to repair or replace, necessitating higher coverage limits.

2. Major Purchases or Upgrades

• Acquiring expensive items such as jewelry, electronics (e.g solar panels), or artwork may require additional coverage to protect against loss or damage.

3. Home Additions

• Adding structures like garages, decks, or sheds increases the overall size and value of your property, warranting higher coverage limits.

4. Lifestyle Changes

• Installing a home office, creating a gym, or other significant lifestyle modifications can alter your insurance needs.

5. Natural Disasters or Increased Risk

• If your area becomes more prone to natural disasters (e.g., floods, earthquakes) or other risks, updating your coverage ensures you’re adequately protected.

6. Changes in Property Use

• Converting part of your home for business use or renting out a portion of your property may require additional or specialized insurance coverage.