Quote:
Originally Posted by NHAero
I've started an inventory and taking photos (since we will have a new HO insurance carrier and agent this year.) What really happens in a serious loss (fire, earthquake, hurricane)? Do the insurance companies make you list each of thousands of items in your house and put a $ on it? Seems beyond conception to me to do this after the fact.
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I can't speak to HO insurance, but for a claim against renter's insurance, State Farm made me excruciatingly itemize values of each component when I had 3 bikes stolen from a storage unit. They they will go back and forth with you on depreciation, based on when the item was purchased. The way around this is through personal item policies, which are wholly separate and not subject to that depreciation nonsense. I have one of these policies which I put high ticket items on: expensive guitar, Rolex, eventually my SV... The policies are rather affordable and it means I can enjoy these items without much worry.