Issues that Arise with Contents Coverage

By Clint Scott | June 16, 2017

Contents coverage brings with it several issues that seem to arise. Number one is the inventory. The insurance company will inevitably ask the insurer to write out what they have and what they had at the time of the loss, and place a value on it and approximate the age. Oftentimes, the insurance company doesn’t really give any specifics or any guidance to the insurer. To the insurer, it’s lost as to how to do it. Filling out that inventory form and doing it accurately, or the best that you can, is a big step. There’s also always the issue with fire loss that the items aren’t there anymore. So trying to remember what was actually included in the business or the home, so that everything can be listed on the personal property inventory form, is another important issue that arises. Valuation is something that comes up. Insurance companies, without given guidance, leave the insurer to try to guess, and so sometimes it’s necessary to go on the Internet and try to figure out what the replacement cost is of the item.

At McWherter Scott & Bobbitt, we help Tennessee policyholders obtain compensation after a loss. Our skilled insurance dispute attorneys help protect you when your insurer refuses to pay your claim, or offers you less than you should be given. To learn more about our services, please call 731-664-1340, or complete our contact form.

Posted in Insurance Disputes