Homeowners & Renters Insurance Coverage Calculator
Quickly determine the right dwelling, personal property, liability, and loss-of-use coverage using square footage estimates or a detailed room-by-room inventory.
Show this tool on your website
Enable Smart Defaults
Get personalized default values based on your location, age, and income. All data is stored locally on your device.
- Auto-fill calculator fields with realistic values
- Region-specific tax rates and costs
- Age and income-appropriate suggestions
- Learn from your calculator usage
Privacy: No data is sent to our servers. Everything stays on your device.
Recommended Coverage Snapshot
Coverage Type
Homeowners
Toggle between homeowners and renters to see tailored coverage recommendations.
Dwelling Coverage
$315,000
Based on 2,000 sq ft × $150/sq ft plus additional structures.
Personal Property
$189,000
Estimated at 60% of dwelling/target coverage.
Estimated Monthly Premium
$142
Includes dwelling, contents, liability, and loss-of-use assumptions.
Coverage Breakdown
Total coverage recommended: $867,000. Adjust inputs below to customize these estimates and model high-value riders for special items.
Choose Your Policy Type
Homeowners Coverage Inputs
Inventory Method
Personal property works out to about $95/sq ft.
Coverage Tips & Considerations
Dwelling Coverage
- Base coverage on rebuild cost, not market value.
- Include detached structures, decks, and fencing.
- Review coverage after renovations or additions.
Personal Property
- Video each room annually to document your belongings.
- Schedule high-value items beyond policy limits.
- Consider replacement cost value (RCV) vs actual cash value (ACV) endorsement.
Liability & Loss of Use
- Choose at least $300K liability; umbrella policies cover more.
- Loss-of-use kicks in if your home is uninhabitable due to a covered loss.
- Renters should confirm landlord requirements and add additional insured if needed.
Claim Documentation Checklist
- Room-by-room photo or video walkthrough saved to the cloud.
- Receipts for high-value items (jewelry, electronics, art).
- Serial numbers for electronics and appliances.
- Insurance policy declarations page handy for deductibles and coverage limits.
Explore More Tools
Continue your financial journey with these related calculators
Mortgage Calculator
Calculate monthly mortgage payment, total interest, and complete cost of homeownership with amortization
Down Payment Savings Calculator
Plan how long it will take to save for your home down payment with interest earnings
Homeowner Cost Forecaster
Annual maintenance budget + appliance replacement timeline + property tax growth projections
⚠️ Important Disclaimer
This Homeowners & Renters Insurance Coverage Calculator provides estimates for educational and informational purposes only. Actual results may vary significantly based on individual circumstances, market conditions, regulatory changes, and other factors beyond the scope of this calculator.
The calculations and projections provided are based on assumptions and historical data that may not reflect future performance.Past performance does not guarantee future results.
This tool is not financial advice, tax advice, legal advice, or investment advice. For personalized guidance tailored to your specific situation, please consult with qualified professionals including:
- Certified Financial Planner (CFP)
- Certified Public Accountant (CPA) for tax matters
- Licensed attorney for legal matters
- Registered Investment Advisor (RIA) for investment decisions
Data Accuracy: All data sources, statistics, and rates were verified as accurate as of October 2025. Tax rates, market conditions, and other financial data change over time. Always verify current rates and consult official sources.
No Warranties: While we strive for accuracy, we make no warranties or guarantees regarding the accuracy, completeness, or reliability of any information provided. Use this tool at your own risk.