How Much Renters Insurance Do I Need?

When you rent an apartment, condo, or even a house, it is important to have renters insurance, but the question so many pose is, how much renters insurance do I need?

Your new house

Depending on who you ask, the average renter could have anywhere between $20,000 and $30,000 worth of belongings. Again, the AVERAGE, you could have considerably more in belongings, depending on your individual taste and lifestyle.

Take Inventory

Document all your belongings. Take pictures of everything, your flat-screen TV, your computer, and your designer clothes/shoes. Go room by room taking wide shots and then close-ups of each individual item. Once you have your pictures, its time to make an item-by-item list. It may be tedious, but it could more than pay for itself in the long run.

Now it is time to calculate it’s worth, most insurance companies have ledgers to assist clients in determining the worth of their belongings and crafting a policy to fit their individual needs.


Most people will underestimate the value of their clothes. Many people do not go on a shopping spree once every couple of years and know exactly how much they’ve spent. The average person will pick up a shirt here and a pair or pants there, usually on an as needed basis. To protect yourself, it is important to do some brand and price checking to see how much it would cost to buy all those clothes brand new today.

According to the U.S. Census Bureau, the average person spent almost $700 on clothes and accessories in 2010. Most consumers have at least $3,000 in clothing in their closets, while those who wear suits more than likely have upward of $5,000 in clothing.

Mertens Insurance can work with you on a policy that will fit your specific needs.

Click here for more information about Mertens Insurance Renters Insurance policies and to contact us today!

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