To make matters worse, after a portion of your home is damaged, local authorities can require you to repair undamaged portions to bring them up to current codes. And since remodeling usually costs more on a square-foot basis than new construction, these repairs can be costly.
A homeowners policy will protect your home from loss due to fire, theft, vandalism and more. But without certain important coverages, your policy could leave you short of the funds needed to rebuild and recover.