It is often rightly said that one of the trickiest parts of property insurance claims is the contents portion of the claims. Even if you, the insured, save receipts to prove the age and cost of your personal property, those receipts are probably stored in the same general place as your personal property and thus will suffer the same fate in the event of a catastrophe. This should not be. Plan ahead. Store all pertinent receipts of your valuables in a fire proof safe.
Additionally, policy holders are often left to estimate the age and costs of your personal property. This leads to a great deal of disagreement and possible litigation between policyholders and their insurance carrier. The bottom line is this: When presenting a claim for contents damage or theft, it is absolutely imperative that the claim be accurate and verifiable. And it is far better to leave questionable items OUT of a claim than to face an allegation of fraud. Be honest, thorough, detailed, and forthright.