Do I need personal property insurance?

Do I need personal property insurance?

Sam Friedman (Editor-in-Chief, National Underwriter, Property & Casualty Edition) gives expert video advice on: Do I need personal property insurance?; What happens if my property is damaged or stolen while I'm on vacation? and more...

If you have enough personal property to make it worth your while to protect, I would think you definitely need personal property insurance. Even if it's as simple as thinking, "All I have is a TV, and a couch, and a bed, and a dining room table," think for a minute if all that was taken away from you overnight and you had to replace it out of your own pocket. How much did that TV cost you? How much is that La-Z-Boy chair that you love so much? How much was that dining room set that you just bought, or the bedroom set you just got out? These things can really add up in a hurry, and before you know it you reach twenty or thirty thousand dollars worth of property. It can be very valuable, and in that case personal property insurance is a very important protection.