What To Look For When — Buying Home Insurance

: Pays what the item was worth at the time of the loss , factoring in depreciation. For example, if a 10-year-old roof is destroyed, ACV only pays for its current, aged value.

: The most common choice. It covers your home structure against all risks unless specifically excluded (like floods or earthquakes), but only covers your belongings for specific "named perils" like fire or theft. what to look for when buying home insurance

: Most insurers require you to insure your home for at least 80% of its total replacement cost to avoid penalties on partial claims. What is the 80% rule for home insurance? - Liberty Mutual : Pays what the item was worth at