My parents’ house was destroyed in the 2011 Joplin tornado. My brother is making a list of household contents for an insurance claim. It’s not going well, and I’ve offered to help. I’m in another city and cannot talk directly to the insurance company.
I’d appreciate any tips or caveats for making the list. Brother said he was told to list each item with the date of purchase and purchase price. That’s an impossible job. Parents had lived in the house for 40 years, and whatever records existed were destroyed.
A few specific questions are . . .
How much detail is expected? Can we just list “books, $2000” with a comment (Dad was a university professor with a lot of hardback scholarly books, some collectible) ?
Is it understood by the insurance company that many values will be estimated? E.g., “50 CDs @ $15 = $750”.
Is it a red flag if values are estimated at rounded values such as $50, $500, etc.? Example: “table, $500” rather than “table, $496.85”.
So far, the insurance company has been wonderful, and I hope they assume we’re honest. We have no desire to commit fraud, but of course, we want to get a fair settlement.