Personal Liability Insurance: What Happens When Someone Gets Hurt on Your Property

❓My policy says I’m covered for $300,000 in contents… but I  definitely  don’t own that much. Can I lower it to save money?” I’ll do that

❓Will reducing your personal property coverage really help your wallet—or put you at risk when it matters most?

✅ In this article, we’ll break down what contents coverage really includes (spoiler: it’s more than just your furniture), why insurance companies often default to high limits, and how to know if reducing it is a smart move—or a risky one.

👀By the end, you’ll know exactly what to look for in your policy and feel confident about whether your coverage truly fits your lifestyle. And if you still have questions? Vargas & Vargas Insurance is just a call away at 617-298-0655—we’re here to help.

When your policy says “$300K in contents,” it’s referring to your  personal property —not just big-ticket items.

That includes:

• 📱 Electronics (phones, come on, tablets)
• 🛋️ Furniture, rugs, and decor
• 👗 Clothing, shoes, handbags
• 🛠️ Tools or equipment in your shed or garage
• 🎸 Musical instruments, sports gear, and hobby collections
• 🍽️ Kitchen appliances, dish ware, even pantry items

If you lost  everything  in a fire or flood, this is the amount your insurer would pay to replace it all.

Most insurance companies calculate personal property coverage as a percentage of your home’s insured value—typically around  50–70% of your dwelling coverage .

So, if your home is insured for $500,000, contents coverage of $250K–$350K would be standard.

This  isn’t random —it’s based on average household replacement values. And many homeowners  underestimate  what they own.

Yes, you  can  ask to reduce your contents coverage—but  here’s the catch :

💰 The savings are usually minimal. You might save  $20–$40/year , depending on your provider.
📉 You could be underinsured in a total loss situation.
📋 Some mortgage lenders or policy types have  minimum coverage requirements .

More importantly:  Do you know what your stuff is actually worth?

We recommend doing a quick  home inventory :

• Walk through your home and jot down your belongings room by room.
• Estimate replacement costs (not what you paid, but what it would cost to replace today).
• You might be surprised how fast it adds up.

Let’s imagine the worst-case scenario—a total loss from fire or flooding.

Would you want to gamble on whether your reduced coverage is enough to rebuild your life?

We wouldn’t either.

At Vargas & Vargas Insurance, we believe in smart, tailored coverage—not just “what looks good on paper.” We’ve helped thousands of clients in the Boston area make sure they’re covered for  exactly  what they need—no more, no less.

The truth is, there’s no one-size-fits-all answer here. But we  can  promise this:

✅ We’ll never upsell you on coverage you don’t need.
✅ We’ll walk you through your policy in plain English—no jargon.
✅ We’ll help you save money where it makes sense, not where it compromises protection.

If you’re wondering whether your $300K contents coverage is overkill—or just right— give us a call at 617-298-0655 .

We’re Vargas & Vargas Insurance, and when it comes to protecting what matters most, we’ve got your back.

You might not think your stuff is worth $300K. But after walking through what personal property really covers—and how quickly it adds up—you might see that number in a new light.

Still, you shouldn’t be left wondering. That’s where we come in.

📞  Call Vargas & Vargas Insurance at 617-298-0655  to schedule a free, no-pressure policy review.
✅ We’ll help you make sure your coverage (and your premium) are perfectly aligned with your actual lifestyle and needs.
Because when you truly understand your coverage,  you’re in control.