Liability coverage: Most home insurance cover costs arise from lawsuits or someone getting hurt on your property between $100,000 and $500,000.
If your assets total more than your liability insurance covers, consider increasing that amount using an umbrella or excess liability policy.
Increasing your coverage to $1 million usually only increases your annual bill by a few hundred dollars, so it might be well worth the cost. Extended replacement coverage: This coverage pays an additional 20-25% to guard against replacement building costs rising exponentially after a natural disaster or with inflation. Flood insurance: Most homeowner insurance policies do not cover flooding, and you may be on the hook to replace your entire house or its contents if your area floods.
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