In general, an insurance company can increase your coverage after your policy has begun, but this usually requires your consent. The process involves modifying the policy terms, which typically occurs during renewal or if you request an amendment due to a change in circumstances, such as purchasing a new vehicle or remodeling a home.
However, insurers cannot unilaterally increase coverage or premiums without notifying you and obtaining your agreement. If your insurer proposes a change, they must provide you with the details in advance, allowing you time to review and either accept or decline the new terms.
Any agreement to increase coverage will likely come with an adjustment to your premium. It is essential to understand how these changes will affect your payments and ensure they fit your financial situation. It’s advisable to thoroughly review any modifications with your agent or a legal advisor to ensure your coverage meets your current needs and budget.
