Why should creating an accurate inventory of all personal possessions be at the top of your to-do list? Because it is nearly impossible to remember all the contents you had in your home if it’s destroyed. Providing this information is an important and required part of filing a property insurance claim and getting the maximum financial settlement that is owed to you under your policy.
The biggest challenge with making a tornado insurance claim is understanding your coverage and knowing how to get what you’re owed under your policy.
Virtually every standard insurance policy has mention of providing a Proof of Loss. It is the formal submission of your claimed amount. We suggest you obtain from your insurance company the form it wants you to use. Once a Proof of Loss is submitted, the insurance company usually must respond within 30 days. Many times insurance … Continue reading What is a Proof of Loss?