The majority of homeowners and business owners have coverage. And just about every one of them believes they’re going to never need to file a claim. Contrary to that thought process, even though, people do file claims every day.
Read any newspaper or watch any television news broadcast and you’ll learn about floods, fires, tornadoes, hurricanes, earthquakes, lightning storms and burglaries that will be occurring on any given day.
We have had to file a couple of claims and found it to be an extremely 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 minutes we were talking to our adjuster.
The difficult part comes later, when you’re asked to list the items who were damaged or destroyed. Often people are shocked when they are asked to provide these facts, stating that they thought they will get a check in the mail for the total amount of their insurance coverage coverage. This isn’t feasible since the coverage company does not know the real value of your loss until you provide the number of items to them. How would they know simply how much they owed you if you just had a number of 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 when you being to accomplish the claim form, is trying to remember what you owned. Consider you’ll need to list each item, room-by-room, or you will not receive the funds to replace them. This is why so often you certainly will hear that after a disaster, someone did not recover well. If you state that you had 100 CDs, but actually had 200, you just lost around $1200 just because you did not know what you owned. Take that a step further to how many DVDs, pairs of shoes, items of clothing, etc., that you might underestimate.
Another difficult task is to provide proof of ownership. This really is often required for high-end electronics, for example. Do you have a 52″ television or possibly a 27″? If it’s the 52″, you will probably need to prove it. The same goes for power tools. Were they top of the line, or perhaps 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 for anybody who is claiming the better expensive brands and models.
Insurance adjusters have the responsibility to pay for what was covered under your policy, helping you get back to in which you were. They should verify there is absolutely no fraud involved, and an inventory completed just before a disaster is a good tool because of this. The photos provide proof, as the written report gives the details, such as the serial numbers and model numbers so vital to help prove ownership should the police recover your stolen items.
Create your personal property insurance inventory for your house and/or business. Then, in the event the time comes for you to file your claim, you definitely will be prepared and able to provide the proof to make certain a maximized claim.