How Do I Know How Much Renters Insurance I Need? 
Renters Insurance typically provides coverage for personal property/contents and for liability -LRB- including medical payments -RRB- . The higher the liability and medical payments coverage limits you choose , the better . These days lawsuits are all too common and having high liability limits will help protect you . As far as contents/personal property coverage goes ; all of your , `` stuff , '' has value . Add up what you think it is all worth and that amount should be your limit . Let 's say you rent an apartment , imagine flipping the building upside down and shaking it.Everything that falls out of your apartment is what you should assign a value to.This can be an estimate , you do n't need to go overboard searching through receipts . Typical renters policies I issuecontain $ 15,000-30 ,000 of contents/personal property coverage.Of course the values vary drastically depending on if you are for example , a college student or a50 year old CEO who rents . 