Homeowner's insurance - yow!

[Themanwithnoname]

Originally Posted by sullyguy

I've owned houses with rooms full of content for literally 30 years...and believe me ... I'm right.

I quantified MY belief...how about you!?

Sure, although I thought I already had.(I was on my phone earlier, therefore it was a short response)

you said:

I believe "a few thousand per room" is WAY more than the value in each room on average,

Quite simply (Particularly if your receiving RCV rather than ACV) people drastically underestimate the amount of 'stuff' they have. (And the way the little things add up)

I can't count the number of times (And I haven't been doing this that long) that people said 'I don't think that much stuff was damaged, I' doubt I'll ever meet my deductible' and I proceed to point out a few items in a room and they meet, or nearly meet their deductible off JUST THAT!

So YES... count that stack of T shirts over in the corner. 20 T shirts at $10 each... your 20% of the way to your $1K deductible.... etc.

I just pulled open one of my test profiles on Xactimate... and looked up bookshelves.
Library book shelves - full height - $186.96
so 4 of them is $747.84
.

The other items are contents and so we work off actual numbers, but I assure you, they add up quickly... and you said on average... I ASSURE YOU... throw in an entertainment center, a garage, and a kitchen... and you'll find that average climbing VERY rapidly....
Your music stuff is going to RCV at a couple grand... and I don't know about your furniture, but the average room has well over $1K... well over

If you get ACV (Actual cash value) because your insured under 80%, or it's a secondary home... then yes, that 10 year old fridge and the other beat up stuff might not amount to much.
But if you get replacement cash value... it'll be the cost of replacing everything with new.... And it'll be universally higher than you think.
You may have owned stuff... but I've processed claims.