article

Using the Homeowners Insurance Report to Gauge Your Insurance Coverage

By Bluehammer Admin

When it comes to knowing how much homeowners insurance you need, running the bluehammer Homeowners Insurance report gives you insight into the potential costs to rebuild your home and the value of your home contents.

Homeowners Insurance 101

If you are a homeowner then you probably already know about homeowners insurance since most lenders require that you have coverage. At it's most basic, homeowners insurance is provided to protect both the cost of rebuilding your home and to recoup the cost of your personal belongings should they be lost.

What's Included in the Homeowner Insurance Report from bluehammer?

Reading the Homeowners Insurance report is simple. Below are the numbers included and what they mean:

  • Estimated cost to rebuild your homeThis number is the estimated cost of what it would take to re-build your home in case of a fire or flood or other covered loss. This number is NEITHER the market value of your home nor the amount of principal left on your mortgage.
  • Value of your home inventory items This is the total value of any home inventory items you have entered in the My Home Inventory tool in the My Bluebook site. If you have used the tool to inventory your personal items, this will give you a good idea of the value of your personal belongings should they be lost.
  • Upgraded costsThese are costs to add if you made upgrades to your kitchen or bathrooms. The costs provided are the difference between the current estimated price to re-build that area and the upgraded price for that area.
  • Additional costs to considerThese are additional structures that can add to your total estimated insurable cost. We have included average sizes for these additional costs and your dimensions might vary.

How do I use these numbers?

Simply add the estimated cost to rebuild your home and the value of your home inventory items plus any of the upgraded or additional costs that apply. Once you have your total, you can use that as a guide against your current coverage to see if you are under or over insured. Note: This is a guide and isn't a definitive homeowners insurance number or offer of insurance and you should always consult your insurance agent about your homeowners insurance needs.

How do I run my Homeowners Insurance Report?

Running your report is easy, just follow the steps below

  • Sign up for bluehammer if you haven't alreadySign up for bluehammer is free, requires no personal information and you can run your report as many times as you need should you change your Home Inventory items.
  • Add items to your Home Inventory (optional)Inventory your personal property using the My Home Inventory tool. The tool gives you categories helping you figure out what items should be added. If you do not add any items, you can still run your Homeowners Insurance report and your value of your home inventory items number will be $0
  • Run your homeowners insurance reportClick on the My Reports tool and select the homeowners insurance report option. Follow the quick 3 steps of questions about your home.
  • That's it!Start to finish it shouldn't take more than a few minutes and you now have a solid number to gauge against your insurance needs.

Want to estimate your home improvement costs before talking with a contractor? Claim your home for free with bluehammer to estimate costs, secure your home inventory and learn more about your home.

* THIS REPORT IS AN OPINION THAT MAY BE INACCURATE AND IS PROVIDED SOLELY AS AN INFORMATIONAL TOOL NOT DESIGNED TO PROVIDE DEFINITIVE ANSWERS. ALL ELEMENTS ARE OFFERED "AS IS" AND BLUEBOOK EXPRESSLY DISCLAIM ANY AND ALL WARRANTIES, REPRESENTATIONS, AND GUARANTEES OF ANY NATURE, EXPRESS, IMPLIED OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTIES OF MERCHANTABLITILY, NONINFRINGEMENT, TITLE, QUIET ENJOYMENT, ACCURACY, OR FITNESS FOR A PARTICULAR PURPOSE. IN NO EVENT SHALL BLUEBOOK (OR THEIR SUPPLIERS) BE LIABLE FOR ANY GENERAL, DIRECT, SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES OF ANY KIND, OR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION, THOSE RESULTING FROM USE OF THE PRODUCT, INCLUDING : (1) RELIANCE ON THE MATERIALS PRESENTED, (2) COSTS OF REPLACEMENT GOODS, (3) LOSS OF USE, DATA OR PROFITS, (4) DELAYS OR BUSINESS INTERRUPTIONS, (5) AND ANY THEORY OF LIABILITY, ARISING OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE OF INFORMATION) WHETHER OR NOT BLUEBOOK HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Know what you should pay for your home improvement projects with bluehammer.Claim your home. It's free!

Popular


8 Great Tricks For Keeping Mosquitos Away

We all know about using bug spray. And citronella candles. But what about other ways to keep those pesky mosquitos away? As if they weren't annoying enough before, the threat of the Zika Virus has made mosquitos even more dangerous. So we've scoured the web for the best tricks for keeping the buggers away.

It's Time to Clean Your Kitchen Dishwasher

Whether your dishwasher has a funky smell to it or not, a periodic cleaning should be at the top of your to-do list

A Homeowner's Guide To Water Filtration

Is a home water treatment system a luxury or a necessity? Based on surveys commissioned by the Water Quality Association (an industry trade group), people who viewed water treatment as a luxury rose from 50 to 54 percent between 2013 and 2015.

Choosing The Best Hardwood Floors For Your Home

The rich patina of wood floors adds beauty and elegance to any home.

A Guide to Home Insulation Materials

Insulation is one of those building products that you never see, because it is usually covered up by something else. But if you don't have enough, or if it is installed incorrectly, you're wasting energy and paying more for heating and cooling than is necessary.

Making Your Home More Energy-Efficient

Your home is your place to rest, play, and spend time with your family. It should be a place of comfort, and this comfort need not come at a high cost. Many homes, however, waste a lot of energy in ways that can be prevented. Here are five ways to make your home more energy-efficient.

8 Clever Ways To Zone Off Space In An Open Floor Plan

We've fallen for open-plan living in recent years. After all, not many of us have a formal room just for company anymore. And with modern building materials, we don't necessarily need every room to have four walls to keep it at a comfortable temperature. But although an open plan may bring the space, light, flow and garden views we desire, it can also feel problematic to organize into zones - and prove distracting to share. Enter the glass partition. It makes room division simple yet doesn't starve spaces of light or compromise the open feel. Decorative, at half or full height, framed or barely visible, a glass partition can work in every environment. Check out these designs.

Keeping Your Refrigerator Running Its Best

Refrigerators are the most important appliance in the Kitchen. Many home owners make sure to keep the inside of their refrigerators clean but often don't think about the best practices that can help keep their fridge running it's best.

13 Decorations to Pair With Beautiful Dark Walls

Dark walls, from inky blue to charcoal and black, are refined and dramatic - but decorating around them without making your space feel too dark can be tricky. If you've been thinking of painting one or more walls a deep, dark hue, these ideas for color and decor pairings should help.

Ideas for Saving Energy with Your Smart Home

You may feel safe inside on a hot, smoggy day, but hidden dangers could be damaging your health right in your own home. In fact, according to the World Health Organization (WHO), 4.3 million people a year die from exposure to household air pollution. Poorly ventilated dwellings, smoking around the home and fine particles can all negatively impact your health.

See More Articles