Do I Need to Record My Assets for My Insurance Claim?
If your property has, unfortunately, been damaged or destroyed by some sort of natural disaster or theft, then you likely require aid from your insurance. However, it is the sad truth that your insurance claim may not cover all of your damages. But one way that may help you receive the maximum compensation possible is if you record your assets. Follow along to find out why you need to record your assets for your insurance claim and how one of the proficient New York residential property damage claim attorneys at The Law Office of Craig A. Blumberg can guide you throughout this process.
Why do I need to record my assets for my insurance claim?
You must know that insurance companies do not inherently know all the assets that you own. Plus, insurance companies notoriously use strategies to reduce the compensation they give out as much as they possibly can. For these reasons alone, you must take an inventory of your assets for your claim. Otherwise, you might not receive adequate compensation for your losses.
How do I record my assets for my insurance claim?
As a precautionary measure, before anything bad may happen, every property owner should make a list of all their assets and assign their book value to them. Certain assets that are important to include in this list are as follows:
- Electronics (i.e., phones, cameras, laptops, TVs, etc).
- Jewelry (i.e., engagement rings, wedding bands, watches, etc).
- Collectibles (i.e., sports memorabilia, artwork, fine china, etc).
And in addition to listing these assets, you should photograph them in your home. Even better, you should take a video of you walking through your home and pointing out all these assets. Undoubtedly, it will be an overwhelming time. So, these lists, photos, and videos will help jog your memory and ensure that nothing is forgotten when filing your insurance claim.
So, in the unfortunate event that your home does get destroyed or damaged, then you should also take photos and videos to show how your assets were affected.
Why should I hire a New York property damage attorney for my insurance claim?
We understand that your home was likely the most valuable asset that you possessed. And this is not to mention the sentimental value it holds. So, it is devastating when it is damaged or destroyed and you are left with nothing.
This is why we are here to help. Notably, we will fight for you to recover as many assets as possible so that you can get back on your feet. If you are ready to bring your insurance claim forward, do not proceed any further without speaking with one of the talented New York property damage attorneys.