You might want to
value your items slightly higher than they are actually worth to account for an instance like a complete disaster where everything in your West Bronx apartment is destroyed.
Not exact matches
Replacement cost is a better option: It reimburses you for the original
value of the
item (or one of similar kind and quality at today's replacement cost if the
item is no longer available) and costs only
slightly more than actual cash
value.
Your contents insurance may provide actual -
value reimbursement for your
items, or, for a
slightly higher premium, may cover your full replacement cost.