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


Easy Architectural Details You Can Add To Your Home

Newer homes, especially those geared toward first-time buyers, are often devoid of the level of architectural detail you would find in older or more expensive homes. If you're not a fan of the big, boring box look, you can easily add in some detail to up the charm factor. And, many of these projects can be done yourself with minimal skill and money.

Installing an Interior Light Fixture

Interior lighting not only helps you see better, but also adds to the decor of your home. Upgrading an interior light is a great way to spruce up an area and save on energy costs.

Choosing Window Treatments: Pros and Cons

Deciding on the right size, color, fabric and pillow configuration for your couch took three weeks. You still haven't decided on the paint color for the bedroom, despite having seven different shades of blue in swatches up on the wall. It seems like every design decision you've made in your home was critical, but the one that will help pull it all together hasn't garnered a moment of thought.

Nontraditional Places to Use Pendant Lights

When you picture pendant lights, where do you see them in a house? Close your eyes and imagine it.

5 Home Upgrades For Your Vacation Rental Space

Vacation rentals are experiencing a surge of popularity as websites like VRBO and Airbnb make them more accessible. Guests can find a place that fits their budget, location and accommodation needs. Hosts can easily list their property.

Replacing Your Kitchen Dishwasher

Mix water, moving parts and wear and tear and you get a dishwasher replacement project

Home Foundations And Why Material Matters

The typical single-family home can weigh anywhere from 80,000 to 160,000 pounds. Foundations provide a solid base for a home's weight, help to ensure the house stays level and provides a base for construction to take place. Foundations matter, and so does the material that they're made of. Here's a closer look at both, starting with materials and why they matter.

Tips For Selecting An Interior Door

Take a minute to count the number of doors in your house. Surprising, right? Consider then, the impact that a little attention to the doors can have on the overall style and design of your home. Whether you're just moving in or staging for a sale, new doors are a simple way to dramatically update the space. The good news is that there are as many styles of doors as there are doors in your home. Making the decision is the toughest part.

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.

Home Insurance 101: The Fundamentals of Home Quality

Buying a home represents one of the biggest purchases that an individual can make in his or her lifetime. As such, the decision should not be taken lightly, and you'll want to review many factors as you search for your dream residence.

See More Articles