The total value of your possessions should give you an idea of how much contents coverage you need.
The total value of your possessions should give you an idea of how much personal property insurance you should carry in the event you lose everything to fire.
To get the best coverage, take a home inventory, and then
total the value of your possessions.
Not exact matches
The
total value of your personal
possessions up to your coverage limit, such as TV sets and furniture.
Considering the
value of everything you own, from clothing to cookware to electronics, the
total cost
of replacing your
possessions can be surprisingly high.
Insurers may gain
possession of a work that has been deemed a «
total loss» after its owner has been paid its full
value.
The circuit court erred in ordering a defendant to pay the
total value of the victim's stolen items, when a television was the only item found in his
possession as the basis for his conviction.
If you bought most
of your
possessions a few years ago, their current depreciated
value will be much less than the
total sum it would take to replace them.
If the cruise ship sinks and you lose your baggage and other belongings, the insurance company will pay you compensation amount that is close the
total value of your lost
possessions.
Once an auto insurance company declares a car a
total loss, the company will reimburse the owner for the current
value of their car, take
possession of the car and sell it to a scrap yard to be broken down for parts or demolished.
An analysis suggests that, in a typical two bedroom apartment, the
total value of clothing, electronics, jewelry, appliances, another
possessions comes to around $ 30,000 or $ 40,000.
Considering the
value of everything you own, from clothing to cookware to electronics, the
total cost
of replacing your
possessions can be surprisingly high.
Personal property coverage in a home insurance policy is only
valued at a percentage
of your home insurance policy, and is not typically enough to cover all
of your
possessions if you are struck by a
total loss.
You should also be aware there are policy limits that can apply to certain specialty
possessions such as art, electronics, jewelry and collectables, so you may have to buy a special rider or extra coverage for these types
of possessions to insure their
total value.
Take inventory
of your home
possessions, adding the estimated
value of each item to reach a
total for your personal
possessions.