SmartCover Guide

How Much Home Insurance Do You Really Need? Having home insurance is a smart move — but overpaying for unnecessary coverage? Not so smart. Let’s break down how much coverage you actually need, based on your home’s value, location, and risk. 🏠 What Does Home Insurance Cover? Dwelling coverage – protects the structure of your home Personal property – covers your belongings Liability protection – covers injury lawsuits Loss of use – pays for living elsewhere during repairs Medical payments – for injuries to guests on your property 📏 How to Calculate the Right Amount ✅ 1. Dwelling Coverage (Most Important) Use the rebuild cost , not market price. Rebuild cost = square footage × local construction cost Example: 2,000 sq ft × $150 = $300,000 💡 Tip: Update this yearly, especially if construction prices rise. ✅ 2. Personal Property Usually 50–70% of your dwelling coverage. $300,000 × 50% = $150,000 personal items coverage Take inventory: e...

  Home Insurance vs. Home Warranty: What’s the Difference in 2025? Many homeowners still ask: what’s the difference between home insurance and a home warranty? Though they both provide protection, they serve very different purposes. In 2025, understanding the distinction helps you avoid costly surprises. 🏠 What Home Insurance Covers Events like fire, storms, theft, and other unexpected damage Liability if someone is injured on your property Typically required by mortgage lenders 🔧 What a Home Warranty Covers Household systems (e.g. plumbing, HVAC, electrical) Major appliances (e.g. refrigerator, dishwasher) Breakdowns due to normal wear and tear ⚖️ Key Differences Home insurance protects the structure and liability , while a home warranty covers appliances and systems that fail from age or use. Think of it this way: Insurance kicks in when lightning strikes; warranties kick in when your fridge dies. 🧭 Which One Do You Need? If y...