Yes I agree replacement cost is important if a total loss of your personal property would put you in a bad situation; in most insurance markets. We'll pay the replacement cost for items at the time of loss, then up to the full amount of the cost in today's market in the event of a covered loss.The Personal Property Replacement Cost Coverage provides you with the replacement cost of your personal property if your home's contents are damaged or stolen. For a free consultation, fill out a contact form or call 1 (855) 722-2552. I'm an agent in Florida, and in a perfect world, everyone has replacement coverage on contents. Inventory your property. Personal property coverage is standard with most policies and it offers financial protection up to a certain percentage of your overall dwelling limit. Most policies offer a 25 percent or 50 percent option. Under HO-3 insurance, your home will typically be covered at its replacement cost, while your personal property will be covered up to its actual cash value. Condo Insurance can help protect your personal property and liability.