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Home Content Insurance North Kingstown RI

When you do a home inventory please take note of any extremely valuable jewellery or other goods. You will often need a special "floater" or "endorsement" for jewellery, antiques, collectibles and such. Otherwise, your policy will likely limit the amount that you will be reimbursed if these items are stolen or damaged.

Larry H. Miranda Insurance & Financial Services
508-78-8825
Carey, Richmond & Viking affiliate
Tiverton , RI
Alternate Phone Number
508-789-8825

Larry H. Miranda Insurance & Financial Services
508-78-8825
Carey, Richmond & Viking affiliate
Tiverton , RI
Alternate Phone Number
508-789-8825

Kehoe Stephen Ins
(401) 886-7771
6310 Post Rd
North Kingstown, RI
 
Internex
(401) 295-4124
1130 Ten Rod Rd Ste E103
North Kingstown, RI
 
Internex
(401) 295-4333
1130 Ten Rod Rd Ste E103
North Kingstown, RI
 
Vincent S. Podmaska Agency
(401) 273-8700
1465 Atwood Ave
Johnston, RI
 
Vincent S. Podmaska Agency
(401) 273-8700
1465 Atwood Ave
Johnston, RI
 
Usi New England
(401) 372-1100
North Kingstown, RI
 
Barry Ins Agency
(401) 885-2000
6480 Post Rd
North Kingstown, RI
 
World Financial Group
(401) 398-7499
20 Birchwood Dr
North Kingstown, RI
 

Home Content Insurance

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Home Content Insurance

Your best bet if you really want to know how much home content insurance to buy is to 'inventory' each room. This can be a lot of work if you do it in detail - but you will be incredibly surprised! Also, it's invaluable to have that inventory for later, if you ever have to put in a claim.

But back to buying: How do you know how much home content insurance to buy? Here's a quick way to estimate: If you have a family of 4, a 'middle class' income, with two adults and two kids of school age, you should be assuming at least $200,000 for your personal belongings. That's an average of $50,000 per person.

Here's a personal war story: In 1978, our home burned to the ground. We lost everything. The author was 17. So, while I had some disposable income I was by no means well-to-do and neither were my parents. We were regular, middle class folk. When my Mother and I finished the inventory of my room (based on memory - which, post trauma is not accurate), the contents added up to $30,000. That was in 1978. So, $50,000 per person today is potentially a low estimate, depending on your family income. Consider it a minimum.

When you do a home inventory please take note of any extremely valuable jewellery or other goods. You will often need a special "floater" or "endorsement" for jewellery, antiques, collectibles and such. Otherwise, your policy will likely limit the amount that you will be reimbursed if these items are stolen or damaged.

Not willing to write it all down? Okay, do a rough estimate for purposes of buying home insurance and then walk through the house and videotape each room in detail. This is not for cinematic value, but so that you know what's in your house - so film everything! Inside closets - the works. Just be sure that the tape is stored securely - and preferably away from your home! A safety deposit box at a bank is best if you can afford it. But even at a friend's or relative's house in a water proof / fire proof co...

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