If you are renovating your home - kitchen, pool, new room addition - you need to make sure you let your insurance agent know. The value of your home will increase and you want to make sure you protect your hard work.
Also keep in mind that certain property improvements might even trigger new types of coverage as well. For instance, if you put in a pool, you will most likely have to update your homeowner's policy and you may want to consider umbrella liability insurance.
If you do a major remodel that includes updating certain systems such as plumbing, heating, electrical and/or putting on a new roof, you may qualify for a discount on your homeowner's policy.
Bottom line is during a remodel or renovation, you should talk to your insurance agent so that you have all your bases covered when you are done and can sit back and relax once done.