Great question there are several way's to determine how much coverage you need example: you could count how many pieces of clothing you own and determine how much each piece cost you when you purchased the item like a pair of jeans $100 times the number you own, how much did you pay for your TV(S) , if you own the appliances and your furniture.
Most people don't realize how much they have invested in every day household items it is good idea to keep track of your purchases especially big ticket items.
A good independent agent can help you determine the right amount of coverage for your needs also is good idea to video your Home/Apartment and catalog serial numbers and save receipt's.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
It is pretty easy if you are furnishing your first apartment, by totalling the amount you have spent to set up. In addition, inventory your clothing and other personal belongings and do a little research to get an idea as to what it might cost to replace those items. Always talk to your Insurance Professional about solutions that meet your needs and fit your budget.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
When computing the amount of coverage for personal property, ask yourself, “How much money would it take to make me “whole” if everything went up in smoke!” On the liability side determine how much help you want from an insurance company should you be sued for bodily injury or property damage. If you have substantial personal wealth you would want as high a limit as possible to avoid being bankrupted by a law suit.
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Most people don't realize how much they have invested in every day household items it is good idea to keep track of your purchases especially big ticket items.
A good independent agent can help you determine the right amount of coverage for your needs also is good idea to video your Home/Apartment and catalog serial numbers and save receipt's.