Don’t take the title the wrong way, I’m not asking how much kidnappers would put you up for ransom. Really, I’m referring more to the stuff in your life. Recently, I had to make an estimate of the cost of everything in my home for my new insurance. The big question came up: How much would it cost for you to get everything in your home (aka life) back together? It’s crazy to think about everything I own being destroyed in a fire and having to start from scratch!
Being the thrifty shopper that I am, I went ahead and threw out a number I thought it would take to get everything back together. Apparently, I’m not a great ball-parker because the number I threw out was below the minimum for coverage ($10,000). Thinking, “I bet I could replace all of this stuff for $10k,” I went ahead and did a more detailed estimate of what my budget would be like to go out and buy similar pieces:
Rug, coffee table, side tables $500
Misc Art, shelving $350
Rug, hutch, accessories $300
Pots, pans, dishes $400??
Mattress/ bed $1000
Side tables, dresser, etc $350
Furniture, bed, etc $700
My total on the home stuff was about... $5,000 I still needed to buy clothes, tools, toiletries, bedding, lighting and all the other little things that add up quickly! There is a chance that I could go and get great deals on everything this way or this way, but who knows how long it would take to get everything back at the level that I have it now?! One thing I know for sure is that this motivated me to go out and check my fire detector!!
So, how much do you think it would take to replace all the stuff in your life?