How To Determine How Much Homeowner's Insurance You Need

How do I determine how much homeowner's insurance I need?

What you need to do is sit down with your agent and go through the value of your property. Essentially, it's the value of your home, how much you think it's going to cost to replace it if the worst happens, for example if it burns to the ground or is blown away in a hurricane. What kinds of personal property you have is also a consideration. Now, people have standard property such as a couch, a TV and things like that and they think, well I'm covered if I just say "Well yeah, I have the standard pieces of property". But you may have special property, for example, Jewelry, furs, fine art, stamp collections, or a baseball card collection. Stuff with a value is a little bit harder to put a dollar figure on and you may have to get an appraisal. All of those factors go into your individualized insurance coverage and those are the types of things that need to be discussed with your agent up front, so they can make sure that there are no gaps in your coverage if the worst happens.