How much coverage should one buy? Is it based on the price of your dwelling such as with homeowners insurance? Or is it based on the amount of the loss you may think you will have? If it is based on the cost of my house I think the $125,000 (125/50 $294 premium) should cover me (house minus lot). If it is based on the loss I would think replacing all floor coverings, contents, and drywall 12 inches up and molding the 30/12 for $164 should do it.
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