Thinking about updating your homeowners insurance may not be something that you do very often. But to make sure you and your belongings are protected, you have to update your homeowners insurance as things change.

So when should you review your coverage?

1. If you make any changes to your home to increase the value, you should update the homeowners insurance. You want to make sure your insurance covers the full cost to repair or rebuild your home if something were to happen.
2. If your home value increases you will want to increase your coverage to protect you.
3. If you buy something expensive you will want to increase your coverage to make sure that is included in case of theft or damage.
4. If you rent a room or host on Airbnb/VRBO you will want to make sure your insurer knows because you can be liable for damage. Having the correct insurance can protect you.