[Stu from NYC]

Originally Posted by CoachKandSportsguy

The house is insured to $500K to rebuild
the personal property is insured to 75% of $500K so about $380K for appliances and furniture (does't that seem alot for kitchen appliances, washer dryer, tv, dining room table, chairs, three beds, and three chest of drawers, and a couch?)

The house burns down, we get $500K to rebuild and
$380K to refurnish ( of which we would only use 100K?)

I changed the personal property from 75% to 40% of the house value $500K
which is $200K to refurnish all appliances and furniture.

So what am i missing?

If the insurance company estimates the value of the personal property as a percentage of the home value, its a simple relationship.
In normal conditions of general overall inflation that relationship should hold. but we just had a huge increase in the value of housing independent of furnishing, so the insurance relationship is now out of whack

with the electricity shut off except for outlets, no appliances electrified, no hot water / heat electrified, risk is still low, and i hope to sell it in the next year when interest rates drop again. .

Thanks understand now. I do not think you can get paid on personal property loss without tons of proof of original value.