What Home Coverage Covers
Homeowners insurance covers your dwelling, personal property, and liability, providing essential protection against risks like natural disasters, theft, and accidents, tailored to the amount of coverage you need.
To figure out how much homeowners insurance coverage you need, factor in:
- Rebuilding costs: Given current market conditions, how much would it cost to rebuild your home?
- Personal property: Take an inventory of your belongings, taking note of any high-dollar items like art and jewelry. Consider how much it will cost to replace.
- Liability: Make sure your legal costs are covered in case someone gets hurt on your property or claims other property damage.
- Living expenses: You may need temporary housing if your home is unlivable.
- Local risks: Consider additional policies for risks like floods or earthquakes.
Consult with an insurance agent to tailor your policy based on these factors.