How Much Home Insurance Should I Purchase? 
Home insurance is one of those necessary expenses that I see most people ` go low ' on . Most people will only insure their home for enough to pay back a mortgage . Problem is , if the home is truly destroyed , you will have to pay more than just the mortgage ! You will have to pay for demolition , debris removal , and rebuilding of your home ! You should purchase enough coverage to not only rebuild the home , but also to pay for all the extras that will come from a total loss : demolition , debris removal , and possibly even re-zoning in building laws . All of this should be taken into account when choosing your Dwelling Coverage . There are also sections that cover your personal property , loss of use payments if you ca n't live in the home for a period of time , additional structures that may be on the property , and liability coverage and medical payments if someone is injured on your property . To get a full evaluation of these coverages , you should call an insurance professional in your area and discuss what you truly need to be covered properly . 