Originally published: IAG, 2 December 2021
Updating home and contents insurance after renovations is critical for homeowners so they have the right cover in place.
New research from NRMA Insurance has today revealed that one in two homeowners made renovations to their home in the past 18 months, however, 60% forgot to update their home insurance policy once their renovations were completed. [1]
Updating home and contents insurance after renovations is critical for homeowners so they have the right cover in place to reflect the improvements and value they’ve added to their home in case they need to make a claim in the future.
[1] Based on a survey of 638 homeowners who made renovations to their home by Pureprofile Research in October 2021.
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