January 30, 2025
aableagency

How to Assess the Value of Your Belongings for Renters Insurance

If you think your stuff at home isn’t worth much, take a look again. Your laptop, electronics, bed and small appliances are likely worth thousands more than you realize. Renters insurance may cover these belongings if stolen or damaged by fire and other covered events. By understanding the actual value of your belongings, you get adequate coverage and avoid being underinsured.

 

How Do I Assess the Value of My Belongings?

The following are some tips for determining the value of your personal property:

  • Create a detailed home inventory by going room by room. Take photos or videos of your belongings and document serial numbers for electronics and valuable items.
  • Keep receipts for major purchases and store them digitally. This documentation will prove invaluable if you need to file a claim.
  • Research current replacement costs for your items online. Remember that your old couch might cost significantly more to replace today than when you bought it.
  • Don’t forget easily overlooked items. The value of small items like books, clothes and kitchen supplies can add up quickly so make sure these are included.
  • Account for valuable collections separately. Items like art, collectibles or jewelry may need additional coverage beyond standard personal property protection.
  • Calculate electronics carefully. Include computers, phones, tablets, gaming systems and accessories.
  • List specialty equipment for hobbies or work. Photography gear, musical instruments or home office equipment can also be highly valuable.

 

For particularly expensive items, you may need to add additional coverage to protect their full value. An insurance expert from A-Able Auto Insurance Agency can work with you to recommend suitable coverage limits.

 

Make Your Coverage Count

A-Able Auto Insurance Agency’s experienced agents can guide you through assessing the value of your personal property and help you understand your coverage options. Contact us today to get started.

 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.

Categories: Blog, Renters insurance

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

©2025. All rights reserved. | Powered by Zywave Websites