What Is The Average Homeowners Insurance? 
The homeowners policy is an extremely popular insurance plan . The primary reason is its acceptance by lenders . It is a formula based package based upon the replacement cost for the home . Personal property and other coverages then have limits that are a percentage of the replacement cost for the home . An extremely important part of the homeowners policy is the liability section which provides coverage for bodily injury and property damage . A lawsuit can bankrupt you so this coverage is vital . 