A few days ago someone broke in my house and stole some stuff. I filed a police report and i found more stuff that was tooken later on. I'm currently filling the updated report. OKay. I was wondering can i get compensation for what was stolen? and how will it be given to me.
2007-11-22 02:40:58 · 6 answers · asked by Gaming_sage 3 in Business & Finance ➔ Insurance
We have homeowners insurance. What would they do?
2007-11-22 03:01:58 · update #1
What is the replacement value of the items stolen (the cost to replace the items with new items of similar use and quality)? What is the deductible on your policy? If the value of the items stolen is significantly higher than your deductible, then you should immediately file a claim with your insurer. Depending on what was stolen and their values, they would ask for a list of items that were stolen and then request that you go out and buy new items of similar use and quality and then submit the receipts to them. Of course if there is anything unusual on your list (i.e. original Rembrandt $500,000), then they may require proof that you actually owned it or that it is worth what you put down.
2007-11-22 04:24:43 · answer #1 · answered by Gambit 7 · 1⤊ 0⤋
only if you have a renters insurance policy with coverage for theft, or a homeowners policy if you own the property. After deductibles, you may a very small amount to claim, and if you do, you may have an increased premium the next year..Catch 22
2007-11-22 17:27:17 · answer #2 · answered by Michael F 3 · 1⤊ 0⤋
If you have insurance. They will write a check in the amount of your losses minus your deductible. They will only give ACV but when you replace the items they will give you the deference. That's if you have replacement cost endorsement. I hope this helps. If your on a policy with your parents it might not be in there interest to file a claim.
2007-11-22 13:21:01 · answer #3 · answered by Anonymous · 1⤊ 0⤋
You have to call your homeowners insurance company and report a claim. They will assign it to an adjuster. The adjuster will be able to explain the company procedures and the policy to you. Company procedures can vary from company to company .
2007-11-22 19:37:43 · answer #4 · answered by Boots 7 · 0⤊ 0⤋
this is covered by your homeowner's or tenant's insurance.
you'll need to file a claim with them.
***
If you didn't buy such insurance, all you get is a maybe itemized tax deduction.
I asume you're an American -- yes?
2007-11-22 10:48:01 · answer #5 · answered by Spock (rhp) 7 · 1⤊ 0⤋
Only if you have insurance or they find who did it and you sue them or the court orders the person to if he/she gets charged with something.
2007-11-22 10:50:18 · answer #6 · answered by melfred_20 4 · 0⤊ 1⤋