If I Lose All My Belongings, Will Insurance Reimburse Me to Replace Them?
Take stock of your clothing, furniture, and electronics—does the coverage your agent quoted seem like enough? If not, ask whether you can increase the amount. While you've got her on the phone, check to make sure your possessions are insured for replacement cost, which means that the company will pay to replace your 1993 television set with a brand-new one. Finally, walk through your home and videotape everything you own. In addition, keep receipts for expensive items. Store the receipts and video in a safe place—with a relative or friend, for instance.