Home insurance policies are usually term policies, meaning you can only be covered for a specific length of time. Due to this fact, you may have to renew your insurance policy from time to time, or until your current one expires. Also, have your home and its contents re-appraised so that they would still be covered adequately. Your insurer can do the appraisal, but you do have to pay them for this service. Depending on the state of your house and its contents, the premium on your policy or the amount that you have to pay may increase or decrease.