How much homeowners insurance you need will depend on the value of your house and possessions. The amount that you buy should cover the cost of your home's replacement and the costs of rebuilding it in the local area. An agent can recommend a price based on your home and personal possessions. Make sure to consult with an agent about the best policy for your needs. There are many factors to consider when purchasing homeowners insurance.
You can get up to $1,000,000 for your home if you have a fire. This is based upon the cost of replacing your house. If you need more than that, you can purchase additional coverage for extra costs. Your insurer will determine your individual needs based on the specifics of your property. Also, consider buying insurance for unattached structures such as sheds or garages.
The homeowner's policy covers your home and property in many situations. It covers damages from windstorms, water damage, and fire. It also covers legal liability.