How Much Dwelling Coverage Is Needed?
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Written by
Jeffrey Johnson
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UPDATED: Jul 16, 2021
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The amount of coverage that you need depends on what it would cost to replace your home and land in the event of a total loss. While you may be able to get by with only 80% coverage, will you be able to take the other 20% out of your pocket in the event of a total loss? The incremental cost to insure a property to full “replacement cost value” is so low it would be fool-hearty not to fully insure your property at full value.