How much insurance do I need?

How much insurance do I need?

Sam Friedman (Editor-in-Chief, National Underwriter, Property & Casualty Edition) gives expert video advice on: Do I need insurance?; How much insurance do I need? and more...

How much insurance you need depends on how much you own. That's a conversation that you should be having with your insurance agent when you sit down to buy coverage. It involves that value of your home and how much property you have: if you're living in a one bedroom apartment you'll need a very different amount of insurance than if you have a three story home filled with furniture, clothing, fine art, etc. The more you have the more insurance you need. You do need to go over this very carefully with your insurance agent to make sure if you do have a loss, everything you did lose will be replaced.