How Much Home Insurance Is Needed? 
You should follow the old adage , `` Expect the worst and hope for the best , '' when insuring your property . For home owners insurance you should have enough coverage in the case of a catastrophic loss -LRB- i.e. you lose everything -RRB- . You will want to take into account how much it would cost to rebuild your home , anysurroundingstructures -LRB- like a garage -RRB- and all of your personal property you will have to replace . On top of that , you will need to take into consideration the loss of use factor , which is how much will it cost you to stay elsewhere while your home is being rebuilt . In summary : add up the following four items 1 . cost to rebuild house 2 . cost to rebuild surrounding structures 3 . cost to replace personal property 4 . cost to stay elsewhere for an extended period of time 