Maximize the Contents Claim
Do I accept the partial payment offered for contents?
You can either accept the partial payment offer from your insurance company or go through the process of providing evidence to support your claim for additional funds. There are specialists that can help you build an inventory of items lost in the fire if you decide to go for more money.
How are insurance payments made for contents?
Most homeowner policies include replacement cost value for personal property. This usually means that you need to provide an inventory of your items lost in the fire and value each item at today’s prices. Once you have reached agreement with your insurer, they will generally pay you the actual cash value of the items right away. You must then purchase replacement items and show receipts in order to receive the depreciation value to be paid the full replacement cost.