How Much Homeowners Insurance Do I Need? 
The amount of homeowners insurance you need depends on several factors . Homeowners insurance is not a one size fits all product . Your home should be insured for 100 % of the Replacement Cost . Replacement Cost is not the purchase price or assessment value but rather the cost to rebuild your home . Once the Replacement Cost is determined most policies apply a percentage of the dwelling coverage for other coverages including personal property coverage -LRB- usually 70 % -RRB- and other structures -LRB- usually 10 % -RRB- . Depending on the age of your home you should consider `` law and ordnance '' and `` water/sewer backup '' coverage . 