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I have some questions about how much detail should be retained about your home inventory in order to support insurance claims in the event of a loss.

Research I have done shows that you should retain receipts for "big ticket items" and valuables (and you should have riders for these), and that your policy should cover things like clothing and furniture. I have also been told that even though your policy may cover common household items, you still may not get properly reimbursed due to lack of evidence. So..

1) At what value level (dollar amount) should you retain receipts (i.e., what is the dollar amount definition of a "valuable")?

2) Is it necessary to have a list of EVERY durable item (e.g., all articles of clothing)? Or is this just a way of determining that you have enough coverage for all your possessions?

I would ask my insurance agent, but I am in the process of switching my insurance, and I don't always trust what they tell me.

Any advice would be appreciated.

Thanks,

Matthew J.
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