Personal property that is within the dwelling is covered up to 60% of the value of the building. Therefore, seeing as how the watch collection and engagement ring are valued at a higher price bracket than the actual insurance will cover, it would be best for them to get extra coverage for these items. It is also important to take into account that there is a limit of $6, 000 when it comes to jewelry and watches and perils. (Clark, 2010) In order to properly insure the items, the insurance company can provide the documents required to fill out as well as how …show more content…
This will also give the student discounts when it comes to car insurance because they are farther away from home and are less of a liability due to them not using the vehicle as much, which should be recommended to the student. Therefore, John would not have to worry in case something were to happen. This can work as long as the amount does not exceed $7,000. For safety measures it is good to get tenants insurance. It helps with any damages that renter or guest cause, any damage to visitor, damage or loss to their personal property as well as additional living expenses in case the building needs to be repaired. (Clark,