The small print

Many have this scenario written in the small print:
You think your contents is covered for up to 50K and you will live with any loss above that.
i.e. 50K will get you back up an running again.
But, if you have a claim and they decide your contents are worth 100K, they will only payout 25K. In their eyes you have only insured your contents to 50% of their value.