Know how much homeowners insurance to buy. First, you need to determine the cost of rebuilding your home. Insure your home for its replacement cost — that is, the amount it would cost to rebuild it if it were totally destroyed. That means determining the average local building cost in your region, and applying it to your home’s size, style, and quality of construction. Your best resource for this is a builder. For a flat fee,
How Much Does it Cost to Insure a Multimillion-Dollar Home?
Insurance rates for luxury homes can vary widely across the nation. Across the U.S., homeowners insurance rates can range between $0.03 per $100 of insured value all the way up to $0.95 per $100
