About This Chart
Following is a flier that apartment firms may use to help explain the value of renters insurance to current and incoming residents, especially in cases where the property does not require renters insurance but wants to make residents aware of the potential consequences of not being insured.
Who Needs Renters Insurance?
If you are a renter, YOU do! The insurance your apartment manager carries does not cover your personal possessions. To cover those possessions, you need to obtain renters insurance. It is affordable and readily available to you—and managers often require it if you wish to move into their property.
If you lose your belongings to a disaster like a fire or tornado, how will you pay for short-term housing, and how will you immediately begin to replace your possessions—things you need every day like household supplies, clothing and shoes?
The American Red Cross provides for the immediate emergency needs of disaster victims who do not have the resources to meet their own needs.
But then what will you do?
Think you don’t own enough to need renters insurance? Think again. Calculate the value of the things you own. Fill in below the amount of money you think it would take to replace each of the items shown. Then add the total. Remember this doesn’t even include your immediate need to pay for temporary housing.
Personal Property Estimator
1. Clothing (include all household members) $
2. Jewelry (you may need a separate rider on your policy) $
3. Food (cabinets, refrigerator, pantry) $
4. Furniture (all rooms) $
5. Bedding (mattresses, box springs, comforters, pillows) $
6. Decorative Accessories $
7. Artwork (pictures, picture frames, etc.) $
8. Televisions $
9. DVD/VCRs $
10. Stereo Equipment $
11. Camera/Video Equipment $
12. Home Computer or Laptop $
13. Computer Equipment $
14. Personal Electronic Devices (cell phones, iPods, etc.) $
15. Kitchen Appliances (microwave, toaster, blender, etc.) $
16. Kitchenware (dishes, cups, silverware, pots, pans, knives) $
17. Fitness Equipment $
18. Other items unique to your household $
TOTAL VALUE OF POSSESSIONS $
Created by Victoria Cowart, Vice President of Property Management, Darby Development, Charleston, S.C., in cooperation with the American Red Cross.
FYI: For a list of National Suppliers Council members who provide renters insurance and other financial services, see page 91.