Home Buyer's Guide
Insuring Your New Home
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The amount of homeowner's insurance you should carry depends on the replacement cost of your house - what you need to spend to replace it as it stands. Make sure not to confuse this with "market value" or you could end up over, or under insuring your house.

Also, remember that insurance is really there to cover a catastrophic event. If you want to keep the cost down, do it with the deductible, not with the amount of coverage.

Insure your new home for its full replacement cost.
Make certain your policy indexes the replacement cost to the actual regional increases.
Select a high deductible and keep your premium down.
Be aware that valuables such as fine arts, jewelry, furs, coins, etc. might need additional or separate coverage.
Ask for premium discounts for installing dead bolts; smoke detectors; and sophisticated fire and burglar alarm systems in new homes.
Investigate your options. Umbrella disability and mortgage disability insurance may be helpful