Many homeowners and company owners have insurance coverage. And just about every one of them believes they’re going to never need to file a claim. Contrary to that thought process, though, people do file claims daily.
Read any newspaper or watch any television news broadcast and you definitely will find out about floods, fires, tornadoes, hurricanes, earthquakes, lightning storms and burglaries which are occurring on any given day.
We have had to file a few claims and found it to be an incredibly easy process. Many businesses have 24-hour telephone service. Even easier (we prefer talking to our agent so he knows what’s happening), we called our agent, he gave us the number to call to get a claim number and in a few minutes we were talking to our adjuster.
The difficult part comes later, when you’re asked to list the items that have been damaged or destroyed. Often people are shocked once they are asked to provide these details, stating that they thought they will get a check in the mail for the total amount of their coverage coverage. This isn’t feasible since the insurance coverage company doesn’t know the real value of your loss until you provide the number of items to them. How would they know just how much they owed you if you just had several rooms destroyed? Was the room full of electronics and expensive furniture, or was it a dining area with just a table and chairs?
What makes it so difficult for you whenever you being to accomplish the claim form, is trying to remember what you owned. Consider you definitely will need to list each item, room-by-room, or you won’t receive the funds to replace them. This really is why so often you’ll hear that after a disaster, someone didn’t recover well. If you state that you had 100 CDs, but actually had 200, you just lost around $1200 just because you didn’t know what you owned. Take that a step further to how many DVDs, pairs of shoes, items of clothing, etc., that you could underestimate.
Another difficult task is to provide proof of ownership. This really is often necessary for high-end electronics, for example. Do you’ve got a 52″ television or possibly a 27″? If it’s the 52″, you will most likely need to prove it. The same goes for power tools. Were they top of the line, or possibly a generic brand from a discount store? How about a surround system? What type of appliances did you own? There are several price ranges and also the insurance company will most likely ask for proof in case you are claiming the better expensive brands and models.
Insurance coverage adjusters possess the responsibility to pay for what was covered under your policy, helping you get back to the place you were. They should verify there’s absolutely no fraud involved, and an inventory completed prior to a disaster is a great tool due to this. The photos provide proof, as the written report gives the details, such as the serial numbers and model numbers so crucial that you help prove ownership if the police recover your stolen items.
Create your personal property insurance representative inventory for your house and/or business. Then, in the event the time comes for you to file your claim, you are going to be prepared and able to provide the proof to ensure a maximized claim.