Flood Coverage

Does anyone know how they determine how your items are worth? I ask because our entire city and any flooding in our basement is ruined. I'm not going to turn it in and increase my rates if they are going to say my stuff is worthless. Does anyone know how they determine this?

I'm doing, "retailer" things m that were lost in our flood ... Our insurance guy just said to write everything and the value based on what it was worth before the flood .. Then he said you have $ 5000 as a book of blank checks! So, I am detailing everything whatever big or small. Thus, we obtain the sum of all 5000. Good luck ...

I think that is the value of what it would be in the condition it was before the flood or the value of what you could sell if for. They will probably have you itemize your items .. rememebring try all items ... A friend of mine had a bag of candy (unopened) and as a joke, while meeting with the agent to assist in the details mentioned this and he said to the 2 dollar bag of candy on the list!