Personal Property Calculator
Estimate the value of your belongings in minutes
What is personal property coverage?
Personal property coverage is the part of a homeowners, renters, or condo policy that pays to repair or replace your belongings, your furniture, electronics, clothing, tools, and more, if they are damaged, destroyed, or stolen in a covered event. Most people badly underestimate what all of it is worth until they have to replace it at once. This calculator gives you a quick, room-by-room estimate so you can see whether your current coverage actually fits your life.
What would it cost to replace everything you own?
Adjust each slider to estimate what your belongings are worth. We'll total it up and show how it compares to your current coverage.
Sliders start at typical amounts for an average household. Adjust them to match what you actually own.
This tool gives a rough estimate for planning purposes only. It isn't a quote or a guarantee of coverage. Talk with one of our licensed agents to get an exact number for your policy.
Understanding your coverage limits
Certain belongings have special limits built into a standard policy. Jewelry, watches, firearms, silverware, and collectibles are often capped at a set dollar amount, especially for theft, which means a standard policy may not fully cover them. If you own valuables in these categories, you can usually add an endorsement (sometimes called a rider or scheduled coverage) that raises the limit and broadens the protection. When you use the calculator above, pay special attention to the Jewelry and Valuables slider, if that number is significant, it is worth a conversation with your agent.
Replacement cost vs. actual cash value
How your policy values your belongings after a loss makes a big difference in what you are paid. There are two common methods:
Actual Cash Value (ACV)
Pays what an item is worth today, after subtracting depreciation for age and wear. It usually costs less, but a claim on an older item may pay out far less than what it costs to replace it.
Replacement Cost Value (RCV)
Pays what it costs to buy a new equivalent item at today's prices, with no deduction for age. It typically costs a little more, but it is usually the better value because it actually replaces what you lost.
When you estimate values in the calculator, use replacement cost, what it would cost to buy the item new today, not what you could sell it for.
How much personal property coverage do you need?
A common rule of thumb sets personal property coverage at 50 to 70 percent of your dwelling coverage. That is a starting point, not a guarantee that it fits your household. The only way to know for sure is to add up what you actually own, which is exactly what the calculator above helps you do. Once you have your estimate, compare it to your current policy limit. If your belongings are worth more than your limit, you may be underinsured, and that gap comes out of your own pocket after a loss.
Frequently asked questions
What if I don't know the exact value of my belongings?
Estimating is completely fine, this tool is meant to give you a ballpark, not an exact figure. When in doubt, it is better to slightly overestimate than to come up short. Photos, receipts, and online prices for similar items can help you get closer.
What if my estimate is higher than my current coverage?
That is an important sign to review your policy. If your belongings are worth more than your current limit, you may not be fully reimbursed after a covered loss. Give us a call and we can look at raising your limit so your coverage matches what you actually own.
Does my landlord's insurance cover my belongings?
No. A landlord's policy covers the building, not your personal belongings inside it. If you rent, you need renters insurance to protect your things, and it is usually very affordable for the protection it provides.
What isn't covered by personal property insurance?
Standard personal property coverage typically excludes vehicles and pets, and it places special limits on high-value items like jewelry, firearms, and collectibles. Certain events like floods and earthquakes are also generally excluded and require separate coverage. Endorsements can extend protection for many of these, ask us what makes sense for you.
How often should I update my estimate?
It is worth revisiting once a year, or any time you make a big purchase or a major life change. It is easy to accumulate belongings over time and forget to update your policy, which can quietly leave you underinsured.
This tool is a guide to help you estimate the value of your personal property. It is not a quote, a policy, or a substitute for a complete home inventory. For an exact number and coverage built around your household, talk with one of our licensed agents.
