How much insurance coverage for fires do I need to add to my house after renovations?

I did around $150,000 worth of renovations to my home. I want to cover my hard work in case of a fire. How much insurance coverage should I add?

“Congratulations on finishing some major renovations!
The coverage amount should be similar to or higher than the cost per square foot of homes in your area.
You probably want to add 150k on top of your existing dwelling coverage to cover the value you invested in your home. The dwelling needs to cover the replacement cost of the home and anything attached to the home. So the coverage may be higher than 150k.
To come up with an accurate quote, your insurance company will want to see all of the receipts of the work with a description of what was done. Your insurance agent will then calculate the exact amount once they know what changes were made.
While renovations and personalizing your home are one of the joys of homeownership, it can be pricey. If you feel that your current company increases your premium too much because of the renovations, you should shop around. Jerry makes shopping for insurance easy. Jerry will compare rates for you and deliver the best deals to your phone. They’ll even help with the signup paperwork.
You can also save money by bundling your home and car insurance. You might also qualify for discounts if your renovations included safety improvements.”
Eric Schad
Answered on Aug 12, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.

Read advice from car experts at Jerry

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
Find insurance savings — it's 100% free