For renters insurance, how is the value of my stuff determined?

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Before you buy a policy, you should estimate the value of your belongings by looking up what they would cost if you had to buy them today. For items that are unique, collectible, or rare, you should have them appraised to determine their value. Use all of this information to decide how much coverage to buy.

When you file a claim, your insurer will determine the current value of your items--either their replacement cost or their depreciated value, depending on which type of policy you have--and will also look at any related appraisal reports.