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


Building an Emergency Fund to Cover Unexpected Home Repairs

With homeownership comes new responsibilities, including repair and maintenance expenses. Sooner or later, you'll encounter a leaky faucet or a blown circuit breaker and quickly learn that keeping your household up and running is no longer as simple as a call to the landlord.

Chimney Liners: Does Your Home Have One - Do You Even Need One?

You rely on your chimney being safe. Whether you use your fireplace for wood-burning fires, you have a furnace that vents through your chimney, you utilize a wood stove or gas insert, your chimney needs to be able to handle heat and sparks without allowing damage to your home. Stone or brick chimneys can be made safer with a flue lining that helps to move heat and gases up and out of your home.

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.

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.

8 Amazingly Easy Tips For A Pet-Friendly Home

For many of us, it's an absolute pleasure to share our homes with our four-legged best friends. But there's no denying that our pets can sometimes lead to wear and tear on our homes. Yet with careful planning and some redesigned elements, we can enhance our house so that it's conducive to our pets and ourselves. If you live with a beloved pet, the following design trends and home-living tips are sure to promote a home that's comfortable for everyone -- and everything -- that lives there.

The Best Paint Colors For An Enduring Look In Your Home

Trends come and go. If you paint your walls the "provocative and thoughtful purple shade" of Ultra Violet, as Pantone, itself, calls it, you're probably gearing up to repaint them in whatever the color authority deems the "it" shade next year. If you'd rather pick a paint chip or two and keep your space the same for the long haul, you'll love these colors that endure.

Replacing Your Bathroom Sink and Faucet

Replacing your old sink and faucet can make a big aesthetic difference in your bathroom.

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.

Remodeling Your Outdoor Patio On A Budget

Creating and sticking to a home improvement project's budget is about as easy and comfortable as pulling teeth. But when it comes to a task as exciting as an outdoor space remodel, it's necessary to think and talk about the budget before taking any further steps.

The Essentials Checklist for Newly Married Homeowners

After a beautiful wedding celebration and exotic honeymoon, you and your loved one are ready to settle in and enjoy your newly married bliss, especially in a new home. Although putting together a house can seem like an everlasting project, you can make it your home right away with the following new-home essentials.

See More Articles