🏠Home Insurance Replacement Cost Estimator
Calculate how much coverage you need to rebuild your home
What is Replacement Cost Coverage?
Replacement cost coverage pays the full amount to rebuild your home with similar materials, regardless of market value or depreciation. This is different from market value - a home may cost more to rebuild than its sale price.
Factors Affecting Rebuild Costs
Construction costs vary widely by region, material quality, local labor costs, and special features. Historic homes cost more due to preservation requirements. Additional structures (pools, garages) and special features (solar panels, smart home) add significantly to costs.
Choosing Your Deductible
A higher deductible means lower premiums, but more out-of-pocket costs when making claims. Common deductibles range from 0.5% to 2% of dwelling coverage. For a $500,000 home, a 1% deductible means $5,000 out of pocket per claim.
Contents and Liability Coverage
Contents coverage protects your belongings (furniture, electronics, clothing). Typically recommended at 50-70% of dwelling coverage. Liability coverage protects you if someone is injured on your property - $300,000+ is recommended for most families.
Financial Accuracy
Disclaimer: This calculator provides estimates for informational purposes only. This is not financial, tax, or legal advice. Please consult a qualified financial advisor for advice specific to your situation.