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How can I estimate my personal property value for renters insurance?

We’ve just moved into a new apartment and are planning on purchasing renters insurance. I know we’ll need to choose a coverage limit. What’s the best way to estimate our personal property value for renters insurance?

avatar
Claire Beaney · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Smart move—renters insurance can save you a lot of time and stress in the long run!
To estimate the personal property value for renters insurance, go room by room and make a detailed list of everything you own and take pictures. This may seem tedious, but it can be vital information if you ever have to make a claim.
Begin with the most valuable goods, such as furniture and electronics, and go from there, because
renters insurance
for personal property is typically sold in $10,000 increments, but most generally opt for $100,000 in coverage.
You’ll be able to get a more accurate estimate of how much renters insurance property coverage you require without having to price every knick-knack or clothing item you own.
While you take the time to estimate your personal property value, you should also look at your insurance policy itself. You could be missing out on saving money without realizing it—to prevent that, download the
Jerry
app.
A licensed broker that offers end-to-end support, the Jerry app gathers affordable quotes, helps you switch plans, and helps to cancel your old policy. Even better—Jerry will help you bundle your home and auto policies for maximum savings.
MORE: Does renters insurance cover mold?
View full answer 
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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