Most homeowner's policies are clear in the amount they will cover. I think most people get "replacement" costs on their home which would be the value of the home and the contents. But, generally, the homeowners are responible for showing the value of the contents in the form of receipts, video, etc. They recommend that one takes a video of the home's contents, estimate the values and put the video tape in a safe deposit box so if there were a catastrophe that it wouldn't get lost. Anyway, that is what I was told. But, I wonder how many people actually do that? I know we haven't. And, I would guess that valuing the "contents' is fairly tricky and laborious vs. the home itself.
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