How much renters insurance coverage should I get?

The amount of renters insurance coverage you choose is up to you. A useful way to start is to estimate what it would cost to replace everything you own after a total loss, such as a fire.

Your personal property limit and liability limit protect against different risks, so consider each one separately.

Start with the size of your home

If you do not have an inventory yet, the size of your home can give you a quick starting estimate for personal property coverage:

• Home size: Suggested starting point
• Studio: $15,000
• 1 bedroom: $20,000
• 2 bedrooms: $30,000
• 3 or more bedrooms: $40,000

These amounts are educational starting points—not recommendations or guarantees that a particular limit will be enough. Electronics, furniture, clothing, kitchenware, and other everyday belongings can add up quickly. Adjust the amount to fit what you actually own.

Make a quick home inventory

For a more personal estimate, walk through each room and list the items you would need to replace. Include:

• Furniture, rugs, and lighting
• Computers, phones, televisions, and other electronics
• Clothing, shoes, and accessories
• Kitchenware, small appliances, and pantry items
• Sports gear, bicycles, musical instruments, and hobby equipment
• Linens, books, decor, and everyday household supplies
• Belongings kept in closets, a garage, or a storage space

Estimate what comparable replacements would cost today, rather than relying only on what you originally paid. Add the room totals together and compare the result with the personal property limit in your quote.

Save photos, video, receipts, serial numbers, or a copy of your inventory somewhere you can access after a loss. An inventory can help you revisit your limit as your belongings change and can also be useful if you file a claim.

Check your liability requirement separately

Your landlord may require a minimum amount of liability coverage. Check your lease or ask your landlord or property manager what limit they require.

Liability coverage is separate from personal property coverage. A landlord's liability requirement does not tell you how much coverage you need for your own belongings.

Pay extra attention to valuable items

Policies may apply different limits to certain categories of property. Review the policy information for jewelry, electronics, collectibles, bicycles, musical instruments, or other valuable belongings.

If a category limit is lower than the value of the items you own, consider whether an available coverage upgrade or additional coverage better fits your needs.

Review your estimate before you choose

Before selecting a limit:

1. Use the bedroom-based amount as a starting point.
2. Compare it with a room-by-room inventory.
3. Adjust for valuable items and belongings stored outside the main living area.
4. Confirm any liability limit required by your landlord.
5. Review the coverage, limits, deductible, and exclusions shown in your Goodcover quote and policy.

Your estimate does not need to be perfect, but it should reflect your belongings rather than simply accepting a preselected amount. Revisit it after a move or a major purchase.