I recently reviewed our home insurance policy after not looking at it for years. I am concerned that we are no longer adequately insured. How can we figure out how much home insurance we need? Mary P.- Port Charlotte, Florida

Dear Mary,

A great question and quite a common one!  You will need enough home insurance to cover the cost of the following:

1. The structure of your home: To estimate the amount of insurance you will need to cover the structure of your home use our home insurance calculator.

2. Your personal posessions: To determine the value of your personal possessions and belongings you should perform a home inventory.

3. Additional Living Expenses: In the case that your home is damaged and you must live somewhere else while repairs are performed you will need coverage for those costs.  A home insurance agent can help you determine the amount of additional living expense coverage you may need.

4. Liability: Your liability to others for accidents that may happen at your home.  A home insurance agent can help you determine the amount of liability coverage you need.

Asking a licensed home insurance agent is always a great way to determine how much home insurance you need.  They can help you determine specific coverage levels and discuss appropriate deductibles.

Thanks,

Your Agent @ HomeInsurance.com