Generally limits contents coverage to 50% of the structures limit (Is this enough?
• Covers personal property on the basis of either actual cash value (what you could sell the old couch for) or replacement cost (enough to buy a brand new couch) • Contains special liability limits on personal property (Check your policy to see if its provisions are adequate for personal property such as jewelry, furs, silverware, and other items.) • Commonly limits coverage on cash, coins, precious metals, tickets, stamp collections, manuscripts, deeds, financial documents, art, and firearms (Business property in the home is limited, too.) I rent. Do I still need Insurance or is my landlord responsible? No, The Landlord Isn’t Responsible! Renters may believe their landlord’s insurance will cover their belonging for fire and other perils – but this is true only in very limited instances. A Tenant’s (Homeowners) policy is the ticket for renters to cover that expensive computer, clothes, furniture, and all the other stuff one forgets about until it’s time to move. Don’t overlook the liab
