HomeHome InsuranceWhat is the 80% Rule in Homeowners Insurance?

What is the 80% Rule in Homeowners Insurance?

When purchasing a home, most lenders will require you to purchase homeowners insurance. Homeowners insurance protects your home against damages, both interior and exterior, including those caused by a covered event like a burglary, fire or natural disaster. Homeowners insurance can provide great peace of mind knowing you’ll be able to repair or rebuild your home if an accident occurs. 

However, to make sure you’re not underinsured, be sure to follow the 80% rule, also called the 80/20 rule, in homeowners insurance.

What is the 80% rule with insurance companies?

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