Start by estimating the replacement value of everything you own — most renters significantly underestimate it. Walk through your apartment and tally up furniture, electronics, clothing, kitchen items, and anything else you’d need to replace from scratch. The average renter owns $20,000–$30,000 in personal property. From there, liability limits of at least $100,000 are standard, with $300,000 available for a modest additional cost. We help Chicago renters right-size their coverage so they’re not over- or underinsured.