[undercoverbrother]

Originally Posted by Stay Golden

First of all i am not in the insurance industry so please excuse if this is not exactly accurate in translation.
From what i have asked and have had answered in the past is that when you Insure a home, a certain criteria determines how much your contents are worth with in a policy. Your possessions "contents" are 70% value of the home generally. Unless you get additional coverage for specific items. Such as collections, jewelry, paintings etc.
Lets say that fire burned down your entire home how do you prove what was lost.
The Insurance company uses this 70% content rule to establish the value of what was lost.
For a flood it could be different because many of the possessions are still there but ruined. So the adjuster can claim item by item lost maybe?
I will ask for a more accurate answer if you like.

Ah, I read you post as the insurer will only cover 70% of the limit of the particular coverage. IE: Contents limit of $100,000.00 they will only pay $70,000.00