How Much Renters Insurance Do I Need For An Apartment? 
That is a question I get asked everyday . It truly depends on how much `` stuff '' you own and want replaced . Many insurers have a minimum amount of coverage needed for replacement coverage to be part of the policy . Typically it is $ 20,000 . You want to have replacement coverage so that your items are replaced with new items , not depreciated costs . A TV you purchased 3 years ago is worth much less than its replacement . A good rule of thumb to use is $ 10,000 per room rented . This may seem like a lot at first , but when you start adding everything up over time that you have purchased , you will see that it is reasonable . 