The amount of coverage you have on your home is usually directly proportional to the amount of protection you have on its contents. Typically, your contents are covered for up to half of the value for which your home is insured. For example, if your home is insured for one hundred thousand dollars, your contents would be covered up to fifty thousand dollars. When you are deciding how much coverage you need for your contents, it is important to first take an inventory of all your household items. Start a room at a time and record the name of the item, the approximate value, and the purchase date. Be as specific as possible, especially on the more valuable items. It would also prove beneficial to take pictures or even videotape individual pieces of particular value. Be sure to get an appraisal on any items which may appreciate. Total the value of the items in your inventory list and this should be a relatively good assessment of the value of your household belongings. Don't forget to check your list occasionally and update any new purchases. For more information on insurance coverage, contact an insurance professional in your area.
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