Two Letters Re: Advice on Insuring Survival Gear
Mr. Rawles, Regarding the recent post on homeowner’s insurance: I am an insurance claims professional. Most standard homeowners policies have a stated limit (in your example, $250,000) for the main structure and then 70% of that (or $175,000 in this example) for personal property. This 70% is the amount that would cover all food storage and other gear. Even in total house fires, I rarely see a claim where that limit is exceeded. If someone thinks it would be, then that coverage limit for personal property (called Coverage C) can be increased through your insurance agent. Like you said, the …