Choose liability policy limits and deductibles that fit you

How much home insurance should you buy?

The amount of insurance you buy (your coverage limit) starts with your dwelling coverage. Work with your agent or Travelers representative to determine how much you should purchase to cover your needs; it should be enough to pay to fully rebuild your home in the event you suffer a total loss. And remember: replacement cost at current prices could be higher than the actual market value of your home. Learn more about the cost to rebuild.

The limits of coverage for the other standard coverages in your homeowners policy are figured as percentages of your dwelling limit. For example, if you decide on a $300,000 limit for your dwelling, your other limits on a standard policy will typically be as follows:

Dwelling $300,000
Other structures: 10% of dwelling $30,000
Personal property: 50% of dwelling $150,000
Loss of use: 20% of dwelling $60,000

You can increase any of these limits. Talk to your agent or Travelers representative to learn more.

Likewise with your personal liability and medical payments. You choose the limit of coverage for your personal liability. Policies typically have a $100,000 minimum limit on personal liability, but you can choose a higher limit. Similarly, policies typically have a $1,000 minimum limit for medical payments coverage, with higher limits available for purchase. Your agent or Travelers representative can help. Learn more about personal liability insurance.

A word about your deductible

A deductible is the amount you would pay out of your own pocket before the insurance coverage takes over. The amount you choose for your insurance deductible depends on how much you're prepared to pay if you have a covered loss. For instance, if you choose a $1,500 deductible, then you'll pay the first $1,500 of a claim. There is no deductible for personal liability.

There are many exclusions in the policy and many of them have exceptions. It's important that you read your policy to learn what is covered and not covered. You can also talk to your agent or Travelers representative to get a fuller understanding of what is covered or not.

Be confident in your insurance choices. Contact your agent or Travelers representative today. We'll work with you to develop a homeowners insurance policy that fits your needs and your budget.

The information on this site is general in nature. Any description of coverage is necessarily simplified. Whether a particular loss is covered depends on the specific facts and the provisions, exclusions and limits of the actual policy. Nothing on this site alters the terms or conditions of any of our policies. You should read the policy for a complete description of coverage. Coverage options, limits, discounts and deductibles are subject to availability and to individuals meeting our underwriting criteria. Not all features available in all areas.

Insurance is underwritten by The Travelers Indemnity Company and its property casualty affiliates, One Tower Square, Hartford, CT. For a complete list of personal insurance underwriting companies, click here.

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