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After successfully completing a real estate transaction, it’s important to protect your investment by purchasing the appropriate home insurance coverage. It’s also crucial to ensure you buy enough of it. Edwards Insurance Agency has been providing quality products to their Sparta, WI, clientele for over 100 years. Below, their agents have outlined what to consider when purchasing home insurance coverage.

What You Need to Cover

Home insurance coverage should be in place in the event you need to rebuild the house due to a fire, a weather event, or another incident. With that in mind, consider whether the residence is currently up to code. After a disaster, the new house will need to be constructed in accordance with local regulations, which might be expensive if the home currently does not meet these guidelines. Many people figure out how much it would be to rebuild by multiplying the square footage of their home by local, per-square-foot building costs. You can find this information by asking your real estate agent or local construction experts. 

Why Your Location Will Impact Coverage

insuranceRebuilding a home in larger metropolises, such as New York City, comes with additional costs you might not find in a rural area. Your location impacts the cost not only of the labor, but also of the materials needed to complete the work. Consider the materials you will need to use and any improvements you’ve already made (and their cost), and add these numbers to the minimum amount of rebuilding the house. 

Figuring out how much home insurance coverage you need can be tough, so speak with a trusted agent at Edwards Insurance Agency. They’ll work with you to ensure what matters most to you is protected. They also offer auto insurance and other products. Call their team today at (608) 269-4512 or visit their website for more information. 

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