Insuring the contents of the house is a messy transaction

[Alexandoy]

The title may not be accurate. What I want to project is the issue of valuation when it comes to the insurance of the contents of the house. Suppose that you get the fire insurance this year and after some years the house got burned. The value of the contents will vary because of the time period that elapsed. Some items have gained in value and some items have lost in value. I really don't know how they do the valuation but for sure the insurance company is always favoring their benefit on such an issue.

 

[Mildredtabitha]

Even if the insurance company favor their benefits, it is still better than when uninsured house burns done. At least with the insurance, the house can be repaired and sometimes can be replaced.

Most house that burn in a neighbouring slum here are never insured. So families do lose everything.