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Homeowners Insurance Calculator

Ever wonder how providers determine the amount of homeowners insurance coverage you need for your home? Turns out, it's pretty simple. We've even provided a homeowners insurance calculator here so that you can do a quick estimate of the numbers for yourself.

Homeowners insurance: How it's calculated

Our homeowners insurance calculator looks simple for a reason: the process is direct. It multiplies your square footage by the average building price per square foot in your area. You'll then get three estimates of the amount of dwelling coverage you need to rebuild your completely in case it is destroyed by a covered peril such as wind or fire.

Why three numbers? These reflect what's inside the home. Upgrades such as granite countertops, hardwood floors, or stainless steel appliances cost more to replace and require more protection. The lowest coverage estimate shown represents a home with none of the upgraded features. The middle number represents a house with some upgrades, and the highest has all of the upgraded features mentioned above.

Remember, however, that these are only estimates. The licensed agents at HomeownersInsurance.com will help you nail down the specifics. Just call 1-877-641-5301 or fill out the form to start the process online.

Is the homeowners insurance calculator working properly?

Why is the amount it would cost to rebuild the house different from your home's purchase price? First off, it doesn't include the cost of the land – only the house. In addition, the market value of the home is the price for which it would sell if it were whole and undamaged. You want to have enough coverage to rebuild your home after a loss, so it must reflect building and material prices.

The estimates from the calculator should give you a general idea of how much protection to purchase. They are not exact. For a customized, exact number, speak to a licensed agent.

How dwelling coverage fits into homeowners insurance

Your dwelling coverage matters because it determines the amount of help you'll have if you need to rebuild or repair the structure of your home. But there's more to it than that. The amount of dwelling coverage you purchase typically also determines other coverage limits included a standard homeowners insurance policy:

Personal property

This coverage protects the contents of your home from damage by covered perils or theft. The limit for personal property is determined as a percentage (usually 50 to 70%) of your dwelling coverage. However, you should keep in mind that most standard homeowners insurance policies typically set limits for high-value items such as jewelry and artwork.

Other structures

Other structures coverage applies to buildings on your property other than your house – a shed or detached garage, for example. The typical limit for this coverage is 10% of your dwelling coverage. That means if you had $180,000 in dwelling coverage, you'd have $18,000 in other structures coverage to replace your fence and/or detached garage in the event of a covered peril.

Loss of use

This coverage kicks in when your house becomes uninhabitable because of a covered peril. While the building is being repaired or rebuilt, loss of use coverage can help with hotel, restaurant, and other expenses. The coverage limit is typically set at 20% of your dwelling coverage – it would be $36,000 in the above example. Remember, however, that there can be time limits on this protection.

Want to know more?

When shopping for homeowners insurance quotes, pay attention to the amount of dwelling coverage you need and remember that it affects more than you think. Let HomeownersInsurance.com help you out with homeowners insurance quotes customized to you. Our homeowners insurance calculator is easy to use and understandable, so that you can participate in every step of the process and so we can get you better deals. Call now for your free quote.

Enter your zip code and the square footage of your home below to get estimated dwelling coverage amounts for your property:

Calculate Your Dwelling Coverage

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Your Zip Code and Local Building Costs

The average U.S. building cost is $95.51/square foot. By adding your zip code in our calculator, we can calculate your dwelling cost based on the specific building costs in your region. Your actual building cost may vary depending on your home. For example, if you have upgrades such as granite counter tops, hardwood floors, etc., your building costs may be higher than the average cost in your area. To find out your exact building costs, contact your local real estate agent, home insurance agent, or local builders association.

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Square Footage of Your Home

The square footage of your home includes finished living areas on the ground floor, upper floor(s) and basement area or any area of the home that is heated.


  Calculate Your Home Insurance Dwelling Coverage