Proving Losses in a Homeowners’ Insurance Claim

Proving Losses in a Homeowners’ Insurance Claim

Most homeowner’s realize the value of homeowners’ insurance. For many, their home is their largest single investment and protecting its value and the value of its contents is critical. What some may not realize however, is that in the event of a loss, especially a devastating one, losses must be proven. This may not be as simple as it first sounds. After all, if your home is destroyed by fire, the results will be quite obvious, especially when it comes to the structure. Proving what contents were lost, may not be as simple.

Here are several ways you can help prove the value of the contents of your home in case of a loss from a covered calamity.

A Written Inventory

Either a handwritten or digitally written inventory of your property is a solid start to documenting the property you own. Adding more detailed descriptions, date the item was purchased and purchase price can add to the credibility and validity of any claim. Of course, receipts from your purchases are best.

Photographic or Video Evidence

Smartphones have made documenting a home’s contents easier than ever. Going room by room and taking pictures or video of the contents of each can be extremely helpful in the event of a loss. Be sure to open all closets and drawers to better show the full contents of the space.

Documentation of Collections

If you have a collection of specific items you will want to pay particular attention to 1.) Documenting your collection, 2.) Having your collection appraised, and 3.) Contacting your independent insurance agent to make sure the full value of your collection is covered. A basic homeowners’ insurance policy may be inadequate to fully insure the value of an extensive collection. The time to find out is prior to a loss.

Notes About Documenting Property Loss

When documenting your property either on a computer, on paper or through images, it is important to keep the inventory updated and to keep a copy off-premises.  This helps ensure a copy of your inventory will survive any disaster. There are free, online services that will store personal household inventories for just such purposes.

If it has been years since you’ve thought about your homeowners’ insurance, it is time for a review. Contact us to verify your coverage and if it is sufficient for today’s needs. We can even search out quotes from multiple insurance companies to find you home insurance at a price you can be comfortable with. Contact us to get started today!

Let us shop your insurance needs.

Leave a Comment





9 Ways Gas Stations Have Changed Since the 60’s

March 27, 2020

Why a Non-Profit Needs Business Insurance

March 26, 2020

Life Insurance vs Burial Insurance

March 25, 2020

VIN Numbers and How to Decipher Them

March 24, 2020

Proving Losses in a Homeowners’ Insurance Claim

March 23, 2020

Tasks Those Under 21 May Not Know How to Do

March 20, 2020

Vehicles and Business Insurance

March 19, 2020

Life Expectancy Changes Through the Years

March 18, 2020

My Neighbor’s Tree Fell on My House. Who is Responsible?

March 16, 2020

Cyber-Security Tips for Small Businesses

March 12, 2020

Do I Need That Insurance Offered at the Rental Car Counter?

March 10, 2020

Is “Bundling” Your Homeowners’ Insurance a Good Idea?

March 9, 2020

Becoming a Parent? Congrats! Now Hold On!

March 6, 2020

How a Video Security System Can Benefit Your Business

March 5, 2020

How Your Hobbies Can Affect Life Insurance Rates

March 4, 2020

How Maintenance and Homeowners’ Insurance Work Hand-in-Hand

March 2, 2020

Five U.S. Cities Growing in Popularity as Trendy Tourist Destinations

February 28, 2020

The Different Types of Insurance Companies

February 26, 2020

The World of Supercars – Driving on the Next Level

February 25, 2020

Some Surprising Ways Major Cities Got Their Names

February 21, 2020

Independent Insurance Agents and Business Insurance

February 20, 2020

How Effective is Automobile Safety Equipment?

February 18, 2020

Jewelry, Termites, and Flooding: What Your Homeowners’ Insurance May Not Cover

February 17, 2020

Classification Codes and Their Impact on Business Insurance

February 13, 2020

Six Benefits of Life Insurance

February 12, 2020

You “Auto” Keep an Eye on It: Pros & Cons of Automatic Car Insurance Payments

February 11, 2020

What Are the Odds? Chances of a Natural Disaster Hitting Your Home

February 10, 2020

Best Places to Spend Valentine’s Day

February 7, 2020

What’s the Difference Between a Contract Worker VS Employee?

February 6, 2020

How Many of Us are on Drugs? Startling Prescription Statistics

February 5, 2020

4 Misperceptions about Automobile Accidents

February 4, 2020

Six Interesting and Bizarre Museums Across the Country

January 31, 2020

What to do When Striking a Large Animal with Your Vehicle

January 28, 2020

Six Ways Your Homeowner’s Insurance May Protect You That You Weren’t Aware

January 27, 2020

Six Ways to Better Protect Your Business in the New Year

January 23, 2020

What You Should Know About Accidents on Private Property

January 21, 2020

Memorable Big Game Halftime Shows

January 17, 2020

When “Oops, sorry” Isn’t Enough.

January 16, 2020

The Four Main Players in a Life Insurance Policy

January 15, 2020

What You Should Know About Insuring a Classic Car

January 14, 2020

What Do You Collect?

January 13, 2020

Business Insurance and Your Employees

January 9, 2020

Foundations of Health Insurance

January 8, 2020

Seven Factors that Affect Your Homeowner’s Insurance Rates

January 6, 2020

Five Life Insurance Resolutions for 2020

January 1, 2020

Do You Know How Much Your Home is Worth?

December 30, 2019

When is a Business No Longer Considered Small?

December 27, 2019

When Term Life Insurance Makes the Most Sense

December 26, 2019

Away From the Theme Parks: Five Unusual Places to Visit in Florida

December 20, 2019

Why You Need Commercial Insurance Even if You Rent Your Business Space

December 19, 2019

Can You Buy Life Insurance on Someone You Don’t Know or Like?

December 18, 2019

My Friends Wouldn’t Sue Me, Would They?

December 16, 2019

“Waiver of Premium” and Other Benefits Your Life Insurance Policy May Include

December 11, 2019

Detroit is North of Canada and other US Geographic Trivia

December 6, 2019

No-Fault Insurance Basics

December 3, 2019

Odd, Unusual and Unique Things That Have Been Insured

November 28, 2019

Forgotten Sports Franchise Moves

November 22, 2019

How Do My “Toys” Affect My Insurance?

November 20, 2019

American Landmarks: Why Did They Build That There?

November 19, 2019

They Don’t Make Cars Like They Used To…and That’s a Good Thing!

November 18, 2019

Contact Us

-CONTACT US

OUR LOCATION

Have A Question?

We have an answer. Call us at 1-(720) 442-1544

1940 Ionosphere St. Suite A, Longmont, Colorado 80504

1-(720) 442-1544

© Copyright 2020 CYA Insurance  |   All Rights Reserved
Site by ICA Agency Alliance

1940 Ionosphere St. Suite A, Longmont, Colorado 80504
1-(720) 442-1544

© Copyright 2020 CYA Insurance  |   All Rights Reserved
Site by ICA Agency Alliance