While Many Property Owners Understand the Need for Contents Coverage

While many property owners understand the need for contents coverage, they often face challenges determining whether they have enough insurance. Homeowners and businesses often don’t have the time to inventory and price all their furnishings and equipment.

They also may lack the expertise to decide how much coverage they need. To help policyholders address this challenge, insurers may provide guidance to help insureds estimate the coverage needed by using a percentage of each building’s value.