So it's tax season. Time to review things. My homeowner's policy has a mandatory Personal Belongings coverage, which I can drop no lower than $236,500. I'm an I/T introvert nerd - I haven't got 100k worth of sh*t in my entire house, including the garage (I know this because I recently did a moving inventory).
But this is interesting. Even if I did have 100k worth of stuff -- the policy wouldn't cover it. $230k of mandatory coverage... for less than $50k of coverage.
Includes Replacement Cost | $236,500 |
Category Limit(s)
| Jewelry/Watches/Furs | $10,000 (theft only) |
| Credit Card | $5,000 |
| Business Property | $10,000 |
| Silverware/Goldware/Pewterware | $10,000 (theft only) |
| Guns | $10,000 (theft only) |
| Money | $200 |
| Securities | $1,000 |
