Guide to Homeowners Insurance

Homeowner's Insurance, everyone needs it, but how do you know if you've got enough? According to a survey by Marshall & Swift/Boeckh, 64% of homes in the United States are undersured by 27 %. Source The Armchair Millionaire's Guide to Homeowners Insurance suggests at the least you should "Get enough to cover your house...Get enough to cover your possessions...Get enough to cover your liability...[and]Get regular reviews." Their website goes into more depth on what each of those things entail, but in short, you should make sure your insurance fully covers you in the case of emergencies; you'll want not just enough to take care of partial damage for a roof for example (most damaged things need to be replaced in full, anyway) but the price of total replacement. Also, home insurance should be reviewed and updated from time time to ensure you still have adequate coverage.

Also check out Types of Homeowner's Insurance for information on what those pesky HO numbers mean.