Although home improvement experts estimates that about a quarter of all remodeling projects increase the value of the house by at least twenty five percent, most of the homeowners still pay the same premiums before remodeling their homes. To avoid invalidating your policy, you should contact your homeowner insurance company before making any renovations. If you have already renovated your property, call them immediately. The following guidelines will help you to know the right strategies to put in place when renovating your already insured property.
Insurance Market Tightens Amid Higher Claims and Regulation
Florida and California steal the headlines with seasonal hurricane and wildfire losses, but across the nation, insurers are tightening underwriting standards. In some cases, insurers are pulling out of certain zip codes or states altogether. It seems...