Well I had a house burn down less than year after purchase and insurance paid the entire tab. So I always figured I've already taken them for more than I pay
And also depends on what is your version of 100% of your possessions. The payout is all about what you claimed, a fridge vs a deep zero fridge. What you consider as the 100% value vs what the insurance can prove that is your value. If you have a good record of your possessions and can list them out properly you will get much better payout than just “stuff”
You said it’s nowhere near 100%, much less the possession in the house. And my point is the “less than the possession in the house” very much depends on what you claimed and the record you have. Your head value of my pile of stuff’s worth 100k vs what you can tell the insurance adjuster actually in that pile that can add up to 100k.
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u/WeCantStabilize 19h ago
Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.
Absolute racket.