How much dwelling insurance coverage do I need?

I need to purchase homeowners insurance for my new home, but I don't know how much dwelling insurance coverage to get. How much dwelling insurance coverage do I need?

Answer
“The amount of dwelling insurance coverage you need is entirely up to you.
The only thing that really matters is that if your house was destroyed, you’d get enough money from the insurance company to completely rebuild or pay off the remainder of your mortgage.
If you have this amount of coverage, you should be fine. You may want to add more coverage if it will make you feel more comfortable, just like adding comprehensive coverage to your car insurance can put your mind at ease.
Many insurance companies offer additional coverage anywhere from 10% to 50% of your home’s value.
You may also want to consider getting an umbrella policy. Umbrella policies add additional coverage up to $1,000,000 for your assets.
If you want help looking for the best coverage, Jerry can provide you with competitive quotes in under a minute. Changing companies is just as effortless. Jerry takes care of all the paperwork, phone calls, and even helps cancels your old policy on your behalf.”
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Eric Schad
Answered on Aug 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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