I take stock of what I have around me and I notice that I've accumulated my fair share of electronic goods, along with a few other things like new furniture, etc. So I'm at the point where it would behoove me to buy renters insurance. I've never purchased RI before, ever. I used to think that the insurance company would never pay out the full value on a lost item. I thought they would pro-rate it and factor in the age of the item, a.k.a. depreciation. Recently an insurance agent told me that that's not true, that they don't pro-rate personal property, that they don't factor in depreciation. Wow, what a surprise that was! He said they pay out whatever you paid for the item. Aside from that little detail, what should I look for when purchasing renters insurance, and what's your experience with it? I'm a complete n00b with RI, so don't feel that whatever info you share is too basic. (I won't feel insulted.) And besides, there are other people out there who might benefit from your words and wisdom, so don't hesitate to post your experience with RI, no matter how trivial you think it is. P.S. I have most of the receipts for just about everything.