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How Much Coverage Do You Need?

Enough to cover:

Your Property and Belongings: The better your coverage, the less you will have to pay out of your own pocket if disaster strikes.

Self-Protection: You need enough liability coverage to protect yourself from lawsuits resulting from your negligence or events that could occur on your property.

Lender Requirements: Your housing lender will require you to cover the house for at least the amount of the mortgage or the replacement cost of the dwelling.

Policy Requirements: Insurers may impose some coverage requirements for replacement cost protection. Preferred plans usually require policy limits at 100% of replacement cost. Standard plans usually require policy limits of at least 80% of replacement cost.