From the Forum: How Much Insurance Coverage Should a Homeowner Have?

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    A homeowner is considering a new insurance policy and wondering how much coverage is enough. They own a four-story home in Bed Stuy and companies are suggesting a range of coverage from $950,000 to $1.7 million to cover the worst case scenario of having to rebuild the house. Would this really cover the cost of rebuilding a house in Brooklyn? What should they consider when deciding on how much coverage is needed?

    Please chime in with some advice.

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