PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How do I estimate the replacement cost of my home for insurance?
I’m buying a new home and deciding how much home insurance I should purchase. I want to estimate how much replacement coverage I should get since my mortgage requires me to purchase 80% of the replacement cost. What’s the best way to estimate the replacement cost of my home for insurance?
Anthony William · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Congrats on buying a new home! The process can be stressful, but it’s worth it in the end.
The best way to estimate the replacement cost of your home for insurance is to add the cost of replacing your home’s materials with labor cost estimates. Or, if you know your area’s average per-foot rebuilding cost, you can multiply that number by your home’s square footage. If you’re looking for something easier, consider using an online calculator or speaking with an insurance adjuster.
It’s important to choose the correct replacement cost of your home for
home insurance
to avoid having to pay out of pocket should a covered peril damage your home. For example, if the replacement cost of your home is $200,000, but you only purchase $150,000 in coverage, you’d be responsible for the additional $50,000. Once you have an estimate of your replacement cost, you can begin requesting quotes from home insurance companies.
If you’d rather leave the hard work of gathering quotes to someone else, use
Jerry
. The Jerry app can collect quotes from top insurance companies, like Berkshire, State Auto, Safeco, and Travelers, in seconds.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance for Your Car
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
