Update your inventory as you get new items or get rid of old ones. It's important to examine the value of your personal property at least once a year. Once you get everything listed, the yearly update won't take long. If your home is insured for at least 80 percent of its current replacement cost, a homeowner's policy usually pays any claim in full, minus the deductible, up to the amount of coverage. The lesser amount is based on the difference between the percentage of coverage you have and 80 percent replacement cost value.
Some policies contain an inflation guard which increases coverage as costs increase.
Such clauses are often tied to a residential construction cost index. However, this may not give you enough coverage. Again, check costs in your area annually to make sure your coverage is keeping up. In most policies, the total amount of coverage for household goods on the premises is 50 percent of the total real property coverage. Most policies don't include loss of property from vandalism or malicious mischief if your house has been empty for 30 days before the loss.