Shopping for homeowners insurance may take some time, but only when you have no idea where to start and what to look for. Before you start inquiring for policies and different types of coverage from insurance companies, organize a plan in your head first. List down the things that you think you might need in the future should there be damages and assess around how much money you will need to compensate for those damages.
The key to finding a tailor fit insurance policy for your needs is to know exactly how much insurance you are going to need. You can’t just give a figure at random; it has to be calculated, accurate, and reasonable. A crude way to get an estimate of how much insurance you need is to determine how much it would cost if you were to replace your home and build a new one.
You can get a rough estimate by multiplying the total area of your property by the local construction cost per square foot. Different states have varying local construction costs, so ask a local real estate agent to help you with the calculations.