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The answer is because your home is one of the most valuable assets you have. And disaster can strike anywhere at any time and you don’t want to be without home insurance when it matters most. Always have a policy in place in the event of a claim, not after a claim occurs because then it is too late. In addition, all mortgage companies will require you purchase it when they are loaning you money on your home, due to them having as well as yourself a financial interest in the home.

Homeowners insurance also will safeguard you with personal liability protection, an important point when measured against rising litigation costs. You have a lot to lose. Homeowners insurance can help insulate you from that loss.

In summary, Homeowners insurance is basically designed to bring your home and possessions back to the same condition they were in before a loss occurred.

Replacement Cost is the amount required to repair or rebuild your home with similar materials. Typically, the cost to rebuild vary across the nation depending upon many factors such as labor rates, materials cost (wood, concrete, plumbing, metal, paint, etc), transportation costs, demolition costs, state, county and city building fees, etc.

Square footage of the structure
Type of exterior wall construction (frame, masonry or veneer, stucco, brick, stone)
Style of the house (ranch, colonial, split level,victorian etc.)
Number of bathrooms and other specialty rooms
Type of roof (asphalt, clay, concrete tile, slate, rubber, metal)
Attached garages, fireplaces, exterior trim and other special features like arched windows, high cathedral ceilings, rooms with crown-molding across the perimeter of the ceilings and across the perimeter of the floors.
Custom features

There is a simple way to go about making sure you have the right replacement cost coverage. You can call one of our experienced, licensed insurance professionals toll-free at 866-869-SAVE. He or she can take you through the process to help you assess what your home will cost to rebuild. There is an industry wide formula that insurance companies utilize to determine the cost through the Marshall Swift-Boech formula, it provides cost data for determining replacement costs of buildings and other improvements in the 50 states.

What are additional coverages that come standard with a typical homeowner policy?

B) Other Structures - any detached garage, cabana, shed, fences, pool, hot tub/Jacuzzi etc that are permanently detached and away from the Dwelling.

C) Personal Property - the contents of the home, clothes, food furniture, electronic equipment etc.

D) Loss of use - In the event of a claim and inability to live in the home while it is being repaired or rebuilt, any additional living expenses above and beyond what you normally spend are covered such as food, clothing, hotels.

E) Liability – any claims that arise from your negligence that you are legally obligated to pay.






	Home Insurance \| Mortgage Companies \| Perils \| Personal Liability \| Personal Property Contents \| \| Replacement Cost Guaranteed \| Why should I buy Home Insurance? The answer is because your home is one of the most valuable assets you have. And disaster can strike anywhere at any time and you don’t want to be without home insurance when it matters most. Always have a policy in place in the event of a claim, not after a claim occurs because then it is too late. In addition, all mortgage companies will require you purchase it when they are loaning you money on your home, due to them having as well as yourself a financial interest in the home. Homeowners insurance also will safeguard you with personal liability protection, an important point when measured against rising litigation costs. You have a lot to lose. Homeowners insurance can help insulate you from that loss. In summary, Homeowners insurance is basically designed to bring your home and possessions back to the same condition they were in before a loss occurred. What kinds of damage does a basic homeowner's policy cover? Most basic policies protect against damage from: Fire and lightning Windstorm and hail Explosion Riot and civil commotion Aircraft Vehicles Smoke Vandalism and malicious mischief Theft Damage by glass or glazing material that is part of a building Volcanic eruption You can also step up coverage to include: Falling objects Weight of ice, snow, and sleet Three kinds of water-related damage from home utilities or appliances Electrical surge damage How much does my home cost to rebuild ? Replacement Cost is the amount required to repair or rebuild your home with similar materials. Typically, the cost to rebuild vary across the nation depending upon many factors such as labor rates, materials cost (wood, concrete, plumbing, metal, paint, etc), transportation costs, demolition costs, state, county and city building fees, etc. Some additional factors that determine the cost to rebuild your home are: Square footage of the structure Type of exterior wall construction (frame, masonry or veneer, stucco, brick, stone) Style of the house (ranch, colonial, split level,victorian etc.) Number of bathrooms and other specialty rooms Type of roof (asphalt, clay, concrete tile, slate, rubber, metal) Attached garages, fireplaces, exterior trim and other special features like arched windows, high cathedral ceilings, rooms with crown-molding across the perimeter of the ceilings and across the perimeter of the floors. Custom features There is a simple way to go about making sure you have the right replacement cost coverage. You can call one of our experienced, licensed insurance professionals toll-free at 866-869-SAVE. He or she can take you through the process to help you assess what your home will cost to rebuild. There is an industry wide formula that insurance companies utilize to determine the cost through the Marshall Swift-Boech formula, it provides cost data for determining replacement costs of buildings and other improvements in the 50 states. What are additional coverages that come standard with a typical homeowner policy? A ) Dwelling B) Other Structures - any detached garage, cabana, shed, fences, pool, hot tub/Jacuzzi etc that are permanently detached and away from the Dwelling. C) Personal Property - the contents of the home, clothes, food furniture, electronic equipment etc. D) Loss of use - In the event of a claim and inability to live in the home while it is being repaired or rebuilt, any additional living expenses above and beyond what you normally spend are covered such as food, clothing, hotels. E) Liability – any claims that arise from your negligence that you are legally obligated to pay.

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