What changes should I make to my homeowner's policy now that the renovations are complete?

I have updated my kitchen to a chef's kitchen. There are new appliances, cabinets, counters, the works! It cost about $85k to complete. Now that it is done, what should I do with my homeowner's insurance?

Answer
“Congratulations on the new kitchen; that sounds amazing!
Yes, now that the update is complete, you will want to contact your insurance agent.
Keep any receipt you have from the installation and let your insurance carrier know how much everything costs. If any of the materials used or brands of the updates are high-end, make sure they have a specific name.
Your agent will update your homeowner’s policy with the new replacement cost and let you know what the impact is on your premium. While none of us want to pay more for insurance, this is the only way to ensure that the insurance carrier will adequately replace the kitchen if it were to sustain a loss.
If you are unhappy with the new rate, this would be the perfect time to shop for a new homeowners policy. Downloading the free Jerry app will make the process of switching carriers fast and easy! Jerry will search with over 50 carriers and deliver the lowest rates straight to your phone.”
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Shannon Martin
Answered on Jul 26, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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