If you’ve been following the news lately, you might have seen the increasing incidence of home burglary and theft. In one of the news stories, the thieves successfully broke into the house despite the security features installed. It seems there’s no stopping these criminals from doing their acts. Even installing a state-of-the-art door bell that can detect burglars (head to doorbellbase.com to see different door bell brands); no one is guaranteed safe and secured.
While being a victim of robbery is the last thing you’ll ever want to happen, it pays to know what to do in case it happens. So, what should you do if you’ve become a victim?
First of all, you have to know whether your home insurance covers theft claim. Usually, homeowner insurance provides this clause but to be sure, you can talk with your insurance company. If the authorities are unable to retrieve the stolen items, your insurance may reimburse a portion of your financial losses. For faster and easy claims processing, you need to cooperate with your insurance company.
Some of the items and documents that you’ll need to file claims for home robbery include a properly filled up claim form, insurance policy, receipts, list of stolen items, photographs, and police report. It would also help if you have security camera footage.
- Once you’ve learned that you’ve been robbed, file a police report right away. It is important to have a legal proof to show that such even had occurred in your place. Make a list of the items that have been lost and submit it to the police. It would help to give brief descriptions of each item.
- Call your insurance provider and notify them about the incident. An insurance agent or adjuster will call you; be ready to talk to them. Have a copy of the police report ready for submission. Provide as much information about the stolen item.
- Read your insurance policy and see which items are covered. Review the coverage limits, exclusions, terms and conditions that apply. You can also find the instructions on how to file a claim.
- Look for receipts of the lost valuable. You can attach them as proof of purchase and price. In case you have lost or cannot find these records, you can show credit card trail, product warranties, or owner manuals as proof of purchase and ownership. If you have photos or videos to show that the valuables existed, it would be also very helpful.
- Fill out the insurance claim form properly. Make sure all information is accurate. Once done with the claim forms, submit them as soon as possible or before the prescribed deadline. Be sure to keep a receiving copy or duplicate for yourself.
- Supply additional information should the insurance company requests. Be sure to keep copies of official communications from the insurance company for your personal records. In most cases, the insurer will ask you to submit additional proofs or documentation. Be sure to record all these
- Few weeks after submission, follow-up with the insurance company to know about the status of your claim. Always document the date and time of your conversation and the identification of the person you are speaking to.
It is normal for insurance companies to conduct an investigation of your claims. This helps verify the contents of you claim as well as to have additional documentation. The insurance provider would need additional days or weeks after their investigation. When the claim is approved, you will be paid for the lost valuables covered by your insurance. Expect some deductions like applicable depreciation, etc.
There you go – filing insurance claims after a heist shouldn’t be that difficult!