The goal when estimating the value of personal property and assets is to be as accurate as possible.
Here are a few tips to consider when deciding how much coverage you want:
How much liability coverage you buy may depend on your net worth. To arrive at a coverage limit, add the value of your assets and investments to the value of personal property.
Although most renters policies cover personal property like jewelry, watches, manuscripts, collections and fine art, coverage limits may be relatively low. If you own any items worth more than $500, you may wish to purchase personal articles floaters that provide extended coverage up to a limit of your choosing.
Learn about all the options and potential discounts so you can choose the coverage you want.