Contents coverage is basic. A limit is selected based on the value of your contents to replace your things for damages arising from perils named in your policy such as fire, water damage, theft, explosion, and more. There is usually a deductible of $500 or $1000. In a
superior policy, coverage is provided in a way that allows you to replace your lost property with new items, without depreciation. (Note: Most policies provide depreciated value or almost nothing for most clothing and furniture unless those items are quite new). “Replacement Cost Coverage; i.e., new for old” is preferred.
There are specific limits on the theft of certain types of property such as jewelry, money and securities, watercraft, etc. It may be preferable to schedule specifically your valuables and collectibles. There is a credit card coverage up to $10,000 available.