How Much Insurance Should I Have On My Home?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    There are two answers because there are two major sections to the policy.  You need to have the highest liability limit offered by the company.  A lawsuit can bankrupt you!  The company will direct the amount of coverage that you need for a normal homeowner’s policy.  Because they often guarantee replacement of the building they will require that you insure to value.  There are calculators available to determine that amount.  An agent can compute that for you.
    Answered on July 31, 2014
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