Most people have difficulties trying to put the rightvalueon their belongings
. There is a tendency to under-insure the items. Here is what you can do in order to maximize the cost that you can claim and make it worth the premium that you are going to pay for. Sum up the replacement value of all major properties such as appliances, furniture, gadgets, jewelries, clothing and others. Double up that number meaning you woulduse the200% method for computing the values of all your personal items. The reason for this is, you make up for the net present value of the items that will be lost or damaged. You have to consider inflation and the increase in market value of those items.