Home insurance basics
How much homeowners insurance do I need?
You need enough dwelling coverage to rebuild your home at today's prices, enough personal property coverage to replace what you own, and enough liability coverage to protect your assets. Market value and your mortgage balance are the wrong yardsticks for all three.
The three numbers that matter
Short answer: Rebuild cost, belongings value, and net worth.
- 1Dwelling: a replacement-cost estimate based on size, construction and finishes
- 2Personal property: walk through each room; most people underestimate by a lot
- 3Liability: at least your net worth, with an umbrella above if your assets exceed the home policy's limit
Related: replacement cost explained and umbrella insurance.
Keep exploring
- Home insuranceWhat Washington homeowners insurance covers — dwelling, belongings, liability, living costs — and what it doesn't. Get a home insurance quote from a Federal Way agent.
- Home replacement cost, explainedWhy your dwelling coverage should match the cost to rebuild, not market value or your mortgage — and how replacement cost, ACV and extended replacement cost differ.
- Umbrella insuranceUmbrella insurance adds $1 million or more of liability protection above your home and auto policies. What a personal umbrella policy covers, who needs one, and how much to buy.
- Home insurance quotesGet a homeowners insurance quote from a local Federal Way agent. Two minutes online, a real person follows up, and you see coverage options — not just a price.
Ready when you are
Get a real quote from a real person.
Two minutes online. A person from the team follows up — typically the same business day — and walks you through options side by side.