Let your insurance agent know whenever you complete a renovation project to make sure any new upgrades to your home are properly covered under your existing policy. If not, your agent can work with you to make sure you get the coverage you need, says Erie Insurance Vice President and Product Manager Joe Vahey. In addition, some home improvement upgrades may entitle you to discounts, especially if renovations make the home safer or more secure. For example, Erie Insurance offers discounts for installing smoke alarms or a central station alarm. Erie also provides a discount for installing sprinkler systems in your home. http://wagonertribune.com/online_features/real_estate/home-improvements-that-make-your-home-more-valuable/article_c1e7000a-1918-5a12-836a-2b11f0e7ee49.html