It’s very important. You don’t need to get it down to the dollar, but you should try to make sure your contents limit is within 10% of the actual contents value. If you get a contents limit that is much lower than the actual value of your contents, the co-insurance clause in your policy could lead to a claim not being fully paid. For example, if you have $1 million in actual contents but only get $500,000 in contents coverage, even if you make a claim for $50,000, you might only get half of it paid. But don’t worry, our business insurance brokers will help you get the right coverage limit.