When your building project is complete the first thing you should do is obtain an accurate rebuilding cost from a surveyor to make sure your property is insured for the right amount.
The rebuilding cost of your home is likely to have increased after renovation works if you have added a loft conversion, an extension or created a basement area.
If you have taken out a short-term policy for renovation work you can now switch back to a standard home insurance policy to cover your buildings and contents, or a landlord insurance policy if you rent the property out.
Also bear in mind that you may need to increase the sum insured under your contents insurance if a larger property means more carpeting, curtains, furniture and TVs etc.
Insuring your building or contents for too little leaves you at risk of underinsurance should you need to make a claim, which could have devastating financial consequences. Read our full guide to underinsurance.