What Would You Do In Case Of Fire Or Theft?
If you pay for insurance on your home or apartment, then you need to make preparation to collect if something were to happen to your home or possessions. The following tips may help as you consider the possibilities of loss.
First, you will need to keep a copy of the insurance or at least contact for the insurance company in some place other than in your home. A safety deposit box at a bank is an ideal place to keep this information, but you may also choose to keep copies at your office or with a trusted friend or relative. For many years, there was no need to keep this information as you would just call your local agent who could take care of the problem.
You could use a safety deposit box, but a copy at your office may be all that you really need to find contact information.
Along with the contact information, you will need to keep information about the contents of your home. You should have an inventory of items in your home, the purchase date, purchase price and photographs if possible. Do not forget to update that list on a regular occasion. Be sure that you list such items as your Martin acoustic guitar, the expensive new digital sport watch and your Panasonic 1080p plasma television. This will help the insurance company to determine value in case of fire or theft.
Contact the insurance company as soon as possible after a loss. If the loss is due to theft or vandalism, contact the local police and file a report. The claims adjustor will need a copy of the police report in order to settle your claim. Also have a copy of the inventory and photographs available for the adjustor.
If you do not have renters or homeowners insurance, you will need to purchase a policy as soon as you can. If you bundle this insurance with your car insurance, you may save almost enough money to pay for the new insurance.
No one wants to think that these things could happen to their home. Tonight, thousands of homes across the county will be robbed and thousands others will be destroyed by fire. If you are a victim of either or these losses, insurance can help the loss to be less traumatic.
