i know with our homeowner's they determined the replacement value of the home and then used that to determine the personal property coverage, which is based on a percentage of the replacement homevalue.
they calculated a home replacement value of 140k, over 2x what we paid, which resulted in personal proerty coverage of 110k and 14k coverage for our freestanding shed in the back. if we felt we needed more than 110k in coverage for personal property (WHAT?!??) there are riders we could add for jewelry, furs, firearms, computer equipment, etc. in order to cover higher value items.
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