There are many somewhat hidden rules when it comes to home insurance, especially with how much you should carry. One of these rules is the 80% rule in home insurance. You should generally carry at least 80% of your home’s total replacement cost value in home insurance.  What is Total Replacement Cost Value in Home Insurance?  The total replacement cost value of your home is how much it would cost to completely rebuild your home after a disaster, including building and mater...

Home insurance companies determine rates based on a wide range of factors. But you will notice that urban, suburban and rural homes vary dramatically when it comes to the premiums paid.  Here are some of the factors that make up the difference between a typical urban, suburban and rural home:  Proximity to fire departments. Rural homes tend to be farther away from public facilities, such as fire departments. This means that you are at a hi...