Do you own or rent your home?

The national average is $1,800–$2,500/year for $250,000 in dwelling coverage. Rates vary significantly by state, home value, coverage amount, deductible, location, and claims history. Coastal and disaster-prone areas pay more. Bundling with auto insurance saves 15–25%.

Standard policies (HO-3) cover: dwelling damage, personal property, liability, additional living expenses, and other structures. They cover perils like fire, wind, hail, theft, and vandalism. Floods and earthquakes require separate policies.

Enough to rebuild your home at current construction costs (not market value). Most insurers recommend dwelling coverage equal to 100% of replacement cost. Personal property coverage should be 50–70% of dwelling coverage. Liability minimum of $100,000, though $300,000–$500,000 is recommended.