So…how much coverage do you need? First, do not expect your landlord to cover your Contents – clothing, furniture, appliances and electronics.

Second, look beyond the fact you were given some of your belongings; you discovered it at a phenomenal price at an estate sale; or you pushed through Black Friday crowds to buy it at “80% Off”. You need to think about the shopping trip of your lifetime.  How much would it cost to replace every item you own, at today’s prices, throughout your rented home?  We have a Household Inventory brochure that may be helpful.

In a previous blog directed at traditional home owners, we recommended Replacement Cost coverage for Personal Contents. We make that same recommendation for renters.

Assuming you have a covered loss, you will still have to pay a deductible. This is the amount you agreed to pay before the insurance coverage takes over the process.

Also, expect some limitations and exclusions for Special Contents such as jewelry, business-related items, guns, collectibles and some other high-value or unusual items. This is a reminder to talk to us about those valuables.  You may be pleasantly surprised by affordable special coverage.

If you have a Replacement Cost Claim Settlement policy, you will be paid the amount to buy a similar replacement item at today’s prices. Typically, you must actually replace the item to be offered the full Replacement Cost settlement.  The carrier may initially settle a claim on an Actual Cash Value basis, paying the difference after you actually replace the covered item.

If you have questions, visit our website’s Consumer Info section (, or contact us.

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