What's the minimum level of home insurance coverage I should get?

I want the right home insurance for a reasonable rate. What's the bare-minimum coverage I need?

Answer provided by
Savannah Grabek
Answered on Mar 01, 2021
Savannah Grabek is an expert in Personal Lines insurance. She has 5 years experience in the insurance industry. Savannah began her carrier working with just property insurance and is now tenured in all personal line including home, auto, motorcycle, boat and umbrella. She previously worked for GEICO and has now been working with Jerry insurance for the past year. Savannah lives in New York with her son, fiancé, and puppy Bear. In her free time she enjoys spending quality time with her family and hiking with her dog.
You want to make sure you are at least covering the rebuild cost of your home. This way, if your home is destroyed, you are able to build a new one with the same kinds and quality of materials. You don’t want to have to downgrade because you didn’t have enough coverage.
If you want to adjust your premium because you think you’re paying too much for coverage, I recommend raising your deductible. This is a good option if you’re unlikely to file a claim and you have enough money saved up to pay your deductible in the event of a loss.

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