HOW TO TAKE CARE OF YOUR CONTENTS IN THE HOUSE IF YOU NEED TO FACE
ANY PROPERTY CLAIM

“Property insurance provides protection against most risks to property such
as fire, theft, and some weather damage. Insurance companies play a major
role in adjusting claims and to provide solution to each & every homeowner, but
there are some do’s on the side of homeowners as well so that the whole
process becomes trouble free, saves time and reduces worries. Having your
belongings already documented in your home inventory can be a huge relief at
times like damage or disaster. If you have to face any property claim such as fire
damage , Water damage so how can you take care of your content that belongs
to you, how can you keep the information of your contents in advance , how
much the content costs, what is their value , how you can maintain the record
of your content .”
1) Benefits & some tips of preparing home inventory ( In case your property
gets damaged )
A home inventory is simply a list of your personal possessions along with
their estimated financial value. If as a customer or homeowner you are
keeping the content records, claim process becomes easy and quick, even the
claim is settled at earliest level. Basically it is the WIN WIN situation for both
customer & claim adjustor. You can take advantage of technology & use a
digital camera or smart phone or app to make your record. You can keep the
invoices you have with the list to make the claim process easier, Update your
personal property records when you purchase new furnishings & valuables.

2) An inventory list will also ensure that you do not clash with your insurance
company over the actual value of your insured items. Having an inventory
list for your house will not bring back those items that are gone. However, it
will give you & your family some peace of mind if ever damage occurs.

AWARENESS:
“When you deal with an insurance company regarding claim, you need to be
organized. Calls, Email’s & letters can be crucial pieces of evidence if you & the
company differ later.
“Use other sections to store estimates, invoices, bills, permits, and contracts for
repairs. “
For example: In case of fire damage, you can maintain some list of records of
your contents which will be required at the time of claim settlement.if you act
smartly, the adjuster reaches you fast and the process starts quickly.
Here is the list of information you can include in case of any fire damage in
advance.
*date of loss
*type of loss/damage
*location of damage
*any related injuries
*Description of damaged contents

  • Condition of the home

DON’T GET RUSHED INTO A QUICK SETTLEMENT:
Don’t rush yourself into a quick settlement. Firstly, try to understand the process
by your own, keep learning & get yourself help when you need it. You should be
aware of money which you are getting for recovery. It takes time to calculate
what the insurance company owes you after a large loss. Read all checks and
drafts on both sides before depositing or cashing them.

Don’t accept any checks with words like ‘’full or ‘’final’’ ‘’settlement’’ printed on
them. Your policy does not require you to sign away any legal rights in order to
get paid fairly for a covered loss.

NETWORK
Communicating with others who are recovering and insured with the same
company as you are is extremely helpful. It’s a waste of time and energy to find
new ways when it comes to disaster recovery.

ENLIST THE HELP OF FRIENDS AND RELATIVES TO HELP YOU COMPENSATE YOUR
INVENTORY: Family and friends may have photos taken inside your home that
will help keep your memory and serve as proof to your insurer.
Make use of all lists you can find to help you remember. Enlisting friends and
family to help saves time and is a valuable source of emotional support.

Add Comment

Your email address will not be published. Required fields are marked *