Remember that replacement cost coverage of your contents means that your possessions are replaced without any depreciation due to age or wear and tear. Actual cash value means that the replacement of your possessions are assessed on the cost to replace them minus depreciation for age and wear and tear. Current insurance policy does not reflect recent improvements to the home, increases in inflation and new building codes. You could be underinsured if you have not reported any recent improvements to your home, such as an additional room or remodeled kitchen, to your agent. Make sure that your policy also includes increases in inflation and costs for current building codes.
Renters assume that they are covered under their landlord's insurance policy.
Your landlord's policy only covers the building. You are responsible for getting insurance for your possessions, not your landlord. Suite 1610, Los Angeles, CA 90010. Members of the WIIS Speakers Bureau offer free presentations on a variety of insurance and loss prevention issues.