How much coverage do you need?
Remember when shopping for home insurance that the amount of coverage that you need is not equal to the market value of your home because for insurance purposes, you do not have to include the value of the land.
Be sure to find out local building costs in your area for the correct price per square foot in your area. The figure we have provided below is only an estimated average. Contact a Home Insurance Agent if you need help determining the correct figure in your area.
To estimate the amount of money it will cost to replace your home in the event of a total loss, multiply the square footage of your home by local building costs per square foot.
