Home insurance costs more than ever, and seems like it will get even more expensive in 2024. Find out how you can save.
Key Takeaways: To estimate the dwelling coverage portion of your home insurance, multiply the square footage of your home by the local cost per foot of residential construction while taking into account any special or custom features in your home. Replacement cost coverage for your belongings will determine the value of your belongings without taking depreciation into account. Liability coverage protects you from lawsuits. Many policies provide at least $100,000 in coverage. You can customize yo...
Your house: Homeowners insurance coverage can help pay to repair or rebuild your house and possibly other structures on your property, such as a detached garage or a storage shed, after damage from a covered loss. Your stuff: Homeowners insurance can help pay to replace your possessions, from your couch to your china, if they're damaged or destroyed by a covered loss. A place to stay: Your homeowners insurance policy may include additional living expenses (ALE) coverage to help cover the cost of...
Dwelling coverage ; Personal property coverage ; Additional living expenses coverage ; More coverage options
Don't let unexpected disasters catch you off guard. Learn how to determine the right amount of homeowners insurance you need to safeguard your home and assets.
Homeowners insurance safeguards your home and personal belongings and protects your assets from liability claims. Find out how much homeowners insurance you need.
Read transcript ; You're getting ready to buy a home and know that you'll need insurance to cover your house and all your belongings that go along with it. Knowing you have insurance coverage in case of theft, fire or other unexpected occurrences may help you sleep better at night. But how much insurance should you consider? Understanding the basic coverages and the ones you can add on to your policy can make it easier to determine what you need. Here’s an overview of what’s typically includ...
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate homeowners insurance products to write unbiased product reviews. A home is the biggest asset most Americans have. Homeowners insurance offers protection for your home and personal possessions. Although homeowners insurance is not required by law, if you have a mortgage, your lender will require it to protect the home. If you live in a dis ...
Coverage often includes: ; The home itself, including the structure and its plumbing, electrical wiring and central air and heat systems. ; Other structures on your property such as sheds and fences. ; The possessions in your home, such as electronics, appliances and clothes, even when they aren’t located on your property. ; Loss of use, such as paying for a hotel room while your home is getting fixed.
Wondering how much homeowners insurance you need? Bankrate can help.