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


10 DIY Peel-And-Stick Tiles To Quickly Take Your Backsplash From Meh To Magnificent

Adding a flashy backsplash is one of the best ways to help transform your kitchen, and, especially, to take the emphasis off of countertops that might need updating or cabinets in need of an overhaul. It could also inspire you to make those other needed changes. But the hassle of working with tile and stone and dealing with messy thinset and grout - or paying someone to do it for you - often wins out over going for it.

5 Tips to Clean and Prepare Your Air Conditioner for Summer

Making it through the summer without a working air conditioning system isn't feasible in some parts of the country. Even if you live in a temperate climate, your AC system will make you and your family much more comfortable at home.

Getting your home ready for that big party

Preparing for a party can be a hectic time - you have a full slate on your to do list, including choosing the menu, preparing food, planning activities, and coordinating decor. It can be easy to overlook one of the most important elements of planning an event, making sure your home is presentable for your guests. Our guide will help you to quickly get your house party-ready so you can focus on all the other things involved in preparing for your event.

Do's And Don'ts For Painting Your Bathroom Cabinets

If your bathroom cabinets are old, ugly, tired, or all of the above, you've probably thought about painting them more than a few times. And if you're like us, you may have done a bit of research but failed to take it further for fear that they won't end up looking decent. But the truth is that if you follow the directions of those who've been there before (and, especially, if you heed their warnings regarding shortcuts and mistakes), you can transform your bathroom pretty easily. This list of do's and don'ts will help guide you.

Tips For Decorating Rooms That Are Long And Narrow

Distract attention away from an awkward room shape and create a pleasing design using these pro tips.

Is Your Furnace Affecting Your Indoor Air Quality?

The push to make our houses as energy-efficient as possible has, in some cases, led to unintended consequences. Because modern houses are less drafty due to tighter-fitting windows, doors and weather stripping, pollutants that were vented in the past are trapped inside. Most of the pollutants are relatively harmless, but some can be dangerous, and they all contribute to what some people call "sick house syndrome."

Inspired Ways To Create A Guest Space When You Don't Have A Guest Room

Not all of us are blessed with enough bedrooms to accommodate every member of the family plus a home office and a man cave and a theater room and a guest space. And, it's that last one that often ends up as a challenge when friends and family come to visit and you either have to break out the blow-up bed or give up your room and hunker down with the kids. You don't need to add on or buy a new home to provide a comfortable space for guests. These smart solutions will help you create a great space for guests with minimal effort.

How To Safely Remove Window Glass

Why would you need to remove glass from your window? In most cases, it's because the glass is cracked or broken, or it is an insulated pane that's no longer sealed properly. Or maybe it's time to upgrade your windows with tinted or smart glass. Professional glass shops can help you choose and size the right glass for the job, but first you'll have to remove the window glass and bring in the sash. If there is a break on a stationary window or the sash and it isn't budging, you may need to hire a professional glass installation expert.

Tips For Creating A Luxe Bedroom

Creating a relaxing, romantic retreat of a bedroom is the goal, but it's not as easy as just loading the furniture in and making the bed. Many people find that even with beautiful pieces and great space, their bedroom is still lacking that something special. A few tips and the right mix can make you feel more serene, help you sleep better, and even make you feel more amorous in your private sanctuary.

Keeping Your Heating and Cooling Systems (HVAC) Running Great

Having your HVAC system checked yearly by a professional is good practice. You can also perform regular maintenance to help keep your heating and cooling system running its best.

See More Articles