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I'm Renovating. Should I Update My Homeowners Insurance?

  • By The Ascent: A Motley Fool Service

Do you want to better enjoy your living space, and also increase property value? There are plenty of good reasons to renovate your home. Some could lead to a higher price when the time comes to sell it.

But if you're going to renovate, you may want to contact your homeowners insurance company before you get started. The work you do could result in the need for more coverage.