How Much Homeowners Insurance Do You Need? 
A homeowner should purchase a policy that provides the highest possible liability limit . A lawsuit could ruin your future . The mortgage company and the insurance company will set the amount of coverage for the residence and most of the other limits are factors of that limit . I recommend that you consider earthquake and flood coverage as these are serious situations that arent covered by a Homeowners policy . An inventory of your household goods might indicate that you need increased limits in certain types of property . Water damage from backed up pipes and building ordinance are two issues that you should also consider . 