California Santa Monica REALTOR Michael Gentile offers advice on how to support an insurance claim after a casualty.
Photos and Videos. Solicit photos and videos taken in your home from your family and friends. These are important in verifying the value of a loss.
Parts of What Was Lost. Collect boxes, manual, accessories, and other things that came along when you purchase the item that was lost or destroyed. They are your proof for a claim. Take pictures of the damaged items if possible.
Verify with Manufacturers or Online. You may get in touch with manufacturers to know the price of an item. You can check the manufacturer’s site. If you can’t find replacement value coverage, check Craigslist or eBay. These sites sell used merchandise, and will give you an idea of the price of the used item.
Seek the Help of an Appraiser. If you lost high-priced items, a certified property appraiser will prove to be a big help in documentation of a claim. Appraisers usually charge $250 to $500 for their service. Other appraiser gets commission on the appraised value.
Allot One or Two Days for Documentation. This ensures that you don’t leave out important details. It’s important for both insurance company and the IRS. Federal tax rules provide deductions in line with casualty, disaster and theft losses. Provide all documentations that are available so you can validate the deduction.
No comments:
Post a Comment