Lots of homeowners have questions about what their insurance actually covers but unfortunately many don’t find the answers until they have damage from a fire or natural disaster. One of the easiest ways to determine what is and isn’t covered is to look at the Declaration Page of your policy, which is basically a miniature summary of your coverage.

Be sure to look carefully at the exact description of your property on this page because over the years, you may have improved your home by finishing the basement, adding a deck, upgrading appliances, or installing new flooring. If you have upgraded your home, but never updated your insurance policy, then you may run into trouble if you ever need to make a claim for a loss.

The good news is that the solution is easy. Just make a list of the improvements to your home and ask your insurance agent for a review of your policy.
Of course, if you do need additional coverage you’ll probably see an increase in your premium, but at least you’ll have protected the investment in your home.

Watch the video above to find out more.

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Danny Lipford

Founder

Danny Lipford is a home improvement expert and television personality who started his remodeling business, Lipford Construction, at the age of 21 in Mobile, Alabama. He gained national recognition as the host of the nationally syndicated television show, Today's Homeowner with Danny Lipford, which started as a small cable show in Mobile. Danny's expertise in home improvement has also led him to be a contributor to popular magazines and websites and the go-to source for advice on everything related to the home. He has made over 200 national television appearances and served as the home improvement expert for CBS's The Early Show and The Weather Channel for over a decade. Danny is also the founder of 3 Echoes Content Studio, TodaysHomeowner.com, and Checking In With Chelsea, a décor and lifestyle blog.

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