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[quote=Anonymous][quote=Anonymous]We bought our house for $1.1 million seven years ago. I was just reviewing our homeowners insurance coverage, and the maximum for dwelling replacement is $750k. Is that enough for a 3,000-square foot house in northern Virginia? Does the insurance company determine this number, or can I pay for a higher maximum?[/quote] Call your insurance company. But also, remember that you paid for the land your home is on in that $1.1M. In many places, the land is a significant portion of the price. You want to insure for what it would cost to rebuild at the same level of home you have (ie if you have Subzero and Wolf appliances and everything higher end, then plan for that. If you have a basic stove, GE fridge and house has basic carpet and tile, nothing fancy, then plan for that. [/quote]
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