When determining how much coverage you need, consider how much it would cost to
replace all of your belongings if your apartment is destroyed by fire or another
disaster. Creating an inventory of your personal property can help you assess how
much coverage you need, and also make filing a claim easier if you experience a loss.
The National Association of Insurance Commissioners has created a free app to help
you categorize your personal property and store receipts and other documentation for
easy retrieval. The NAIC Home Inventory app is available for both Android and IOS
systems.
Personal liability coverage is designed to protect your assets if you injure another
person or damage their property. When selecting your personal liability limit, consider
your risk of financial loss if you were to be held liable for causing personal injury or
property damage to another person.
Availability and eligibility requirements vary by state, policy type, policy terms, and
underwriting company. Additional endorsements and credits are subject to availability
and qualification. Please refer to your policy contract (including any endorsements) for
your rights and duties as a policyholder.