We lost our home in the Marshall Wildland Fire and have USAA insurance. We are underinsured on our dwelling by $1,000,000. Rebuild cost is $1.6M and we were insured for a total of $588,000. We are also underinsured on our personal property coverage. Actual personal property is $765,246 and we are insured for $365,250. Because USAA undervalued our home, we believe they also undervalued our personal property. Is there a typical percentage insurance companies (or more specifically USAA) use to calculate personal property from the dwelling estimate? For example in our case, our personal property insurance is 62% of our dwelling insurance.
Thanks, Scott MacLaughlin