Your boyfriend is living in an apartment complex that has had a recent rash of robberies.He has $5,000 worth of rare coins.What should he do to protect himself in case of a robbery?

Question

Quizplus · Accepted Answer

Taking a written and video tape inventory of his property (A) helps prove ownership and the condition of items before a loss, which is useful for insurance claims and police reports. Adding a personal articles floater to his policy (B) provides specific coverage for valuable items like rare coins, which might not be fully covered under standard renters or homeowners insurance policies. Taking out personal property replacement cost coverage (C) ensures that he can replace his belongings at current market prices without depreciation being factored in. Together, these steps provide comprehensive protection for his valuable coins in case of a robbery.

Your Boyfriend Is Living in an Apartment Complex That Has