You won't believe how much renters insurance you need
How Much Coverage Do You Really Need?
Determining the appropriate amount of renters insurance involves assessing the total value of your personal belongings. Start by conducting a comprehensive inventory of your possessions, including electronics, furniture, clothing, and any other valuable items. According to the Insurance Information Institute, the average renter owns approximately $20,000 to $30,000 worth of personal property1. However, this figure can vary significantly based on individual circumstances. It's essential to evaluate your specific needs and adjust your coverage accordingly.