How much coverage should you consider?

The cost to rebuild your home may differ from its purchase price or current market value. An insurance professional can help you assess rebuilding costs and review coverage for your belongings and liability.

It is also useful to understand how a claim would be paid. Replacement-cost coverage and actual-cash-value coverage calculate losses differently, with actual cash value generally accounting for depreciation.

Keeping an inventory of your belongings, including photographs and receipts where available, can help you evaluate coverage and document a loss.