For your own protection, you should carry enough coverage to rebuild your home if ever you suffer a total loss. Most insurers will require at least 80% “to value.” This means that once the replacement cost of your home is established, you must carry at least 80% of that amount in order to avoid insurancetovalue penalties on partial losses. Many companies require 90% 100% coverage.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact an attorney in your area from our directory to discuss your specific legal situation.