House Hacking - How and when to update Insurance Policy

[Kurt Stein]

Hi BP, I bought a property as my primary residence for the past 2 years. The homeowners insurance is very low at $50/mo. I've recently rented out the property but have not updated my Homeowner's Insurance policy yet. What kind of coverage changes do I need to make? Can I expect my premium to go up or down? Do y'all have any tips or watchouts as I go through this process? Thank you, Kurt