Name: Sample Student Date: Apni 6, 2020 Determining Needed Property Insurance Purpose: To determine property insurance needed for a home or apartment. 28 Financial Planning Activities: Estimate the value and your needs for the categories below. Suggested Websites: www.iii.org www.quicken.com www.naic.org Real Property (this section not applicable to renters) Current replacement value of home >xxxxxxxxxxooxoox> > > > > > >es 30.00 (ehow.com/how_6465636_calculate-replacement-value.html Personal Property Estimated value of appliances, furniture, clothing, and other household items (conduct an inventory)>xxxxxxxxxxxx> > > > > > > > > > > > 50.00 [geico.com/information/property-calculator) Type of coverage for personal property (check one) Actual cash value Replacement value Additional coverage for items with limits on standard personal property coverage such as jewelry: firearms: silverware; photographic, electronic, and computer equipment > >3> > >> Item Amount 50.00 30.00 30.00 Your Personal Financial Plan Personal Liability Amount of additional personal liability coverage desired for possible personal injury claims >xxxxxxxxxxxxxxxxxxxxxxx> > > 30.00 (finweb.com/insurance/how-to-calculate-umbrella-liability-insurance-requirements.html) Specialized Coverages If appropriate, investigate flood or earthquake coverage excluded from home insurance policies2320232032032302030xooxoox> > > > > 50.00 Note: Use Sheet 29 to compare companies, coverages, and costs for apartment or home insurance. What's Next for Your Personal Financial Plan? Outline the steps involved in planning an insurance program. *Outline special types of property and liability insurance such as personal computer insurance, trip cancellation insurance, and liability insurance