ConstructionDeal.com Update

So, you found a Home Addition Contractor on ConstructionDeal.com and you added a master bedroom and new master bath to your house. The question is -- did you notify your insurance company?

The folks over at the INSWEB.com recommend that you reevaluate your insurance coverage -- just after you have remodeled or upgraded your home -- before disaster strikes.

"Home remodeling quickly adds to a houses value, but many homeowners fail to increase their homeowners insurance coverage accordingly. It is not until a disaster strikes that many homeowners realize that they haven't reevaluated their coverage to include any work done on the house. After already undergoing the tragedy of losing your home, you don't want to also find out that your insurance policy only covers what your house used to be rather than what you have made it into. Imagine that you renovated a small one bedroom fixer-upper into a modern 3 bedroom home with a new yard or deck - the difference in replacement value would be considerable."

And it's not just if you've remodeled. If you have upgraded any safety functions in your home since you started your policy, let your insurer know because it may mean additional discounts for you. If you have a fire sprinkler system installed, smoke detectors, CO2 detectors, fire extinguishers, or even home automation or home security features, you could save a lot of money on your homeowners insurance policy.

They have some other great tips on insurance for homeowners, so check it out -- and tell them ConstructionDeal.com sent you!