This month, my homeowners insurance is due for renewal. I noticed that the personal property coverage is beyond $100k, which exceeds my needs by at least two orders of magnitude. Honestly, my personal property could be replaced for under $5k, a few trips to thrift shops and some time browsing Craigslist.
My current company (Progressive) isn't willing to lower their personal property coverage, and explained that it's standard policy to provide 50% of the house's replacement cost. I called at least three other companies (Farmers, State Farm, Geico) to ask for a lowered percentage of the house value, but they answered the same way.
Does anyone know a company that will lower their personal property coverage on a homeowners policy? I'm looking for a way to avoid insuring stuff that I don't even own.
Thanks in advance!