Home Insurance 101: Determining your home's value

Get the facts on how much it would actually cost to rebuild your home. 

When you purchase Florida homeowners insurance to protect your home, it’s important that you are covered for the total amount it would cost to rebuild your home from the ground up in the event of a catastrophic loss--such as a fire, tornado, or hurricane.

There are many factors that are considered in determining this amount, including square footage under air conditioning, location, cost of materials and labor in your area, ceiling height, and more. Your home’s market value—what you could sell your home for in the current market—has very little impact on your home’s overall replacement cost, a common misconception.

It's in your best interest to insure your home to the value it would cost to rebuild it after a major loss--so you don't find yourself in a position where you're unable to rebuild, or end up with large out-of-pocket expenses.

Contact a Florida Family agent to determine exactly how much insurance coverage you need.

An agent will walk you through the valuation process step-by-step, using specialized online tools which take into consideration factors such as labor, building materials, permits, debris removal, and more. This will help you determine the true value of your home—ensuring that, in the event of a total catastrophe, you are able to rebuild your home and put your life back together as quickly as possible.